Reliance Capital's Insolvency Process Takes So Long

Reliance Capital was the last big bastion to fall in Anil Ambani’s business empire. Once competing with the likes of ICICI and HDFC, it has been, for the last year, languishing in India’s bankruptcy court. The complex resolution process is a two-horse race between Gujarati pharma giant Torrent Group and auto-hospitals-banking conglomerate Hinduja Group. The prize is RCap’s lucrative insurance business with assets worth Rs 56,000 crore. 

Host Anirban Chowdhury speaks to:

• Sudip Bandyopadhyay, Group Chairman of Inditrade Capital and Former MD of Reliance Money on the rise of Reliance Capital
• Sangita Mehta, ET’s Senior Editor on the fall and the challenges faced by the company over the years
• G Chokkalingam, Founder of Equinomics Research & Advisory on the opportunities that came along the way of Reliance Capital
• Sugata Ghosh, ET’s Associate Editor on what will the winner get once they buy the RCap.  

Credits: CNBC-TV18 1, CNBC-TV18 2, Business Standard, CNBC-TV18 3, CNBC-TV18 4, CNBC-TV18 5, CNBC-TV18 6, Reliance Capital

If you like this episode from Anirban Chowdhury, check out his other interesting episodes on El Niño: Little Boy, Big Trouble, Will music streaming platforms survive in India?, Lufthansa CEO on its turnaround, India and Air India, and much more!

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