Six bidders have submitted bids for Reliance Home Finance Limited (RHFL). Of these, only two bidders submitted compliant and binding bids and other four bids are non-binding and not compliant with bid conditions. The lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non compliant bidders.
The other four bids are non-binding in nature and are also not compliant with the bid conditions. These for bidders have also not placed the mandatory bid bond of ₹10 crore. The resolution process is being managed by BoBCapital Markets (BoB Caps) and Ernst & Young (EY).