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01/04/2023 02:12

Authum Investment - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015

Further to our disclosure dated 20th June, 2021, we wish to inform that the Resolution Plan comprising the total Resolution amount of Rs. 3,351 crore has been implemented through the Company's wholly owned subsidiary viz. Reliance Commercial Finance Limited ('RCFL') and RCFL has acquired Business Undertaking of Reliance Home Finance Limited ('RHFL') on a slump sale and going concern basis, pursuant to the approved Resolution Plan of RHFL being conducted by the Financial Creditors of RHFL in terms of RBI Circular No. RBI/2018-19/ 203, DBR.No.BP.BC.45/21.04.048/2018-19 dated June 7, 2019 on Prudential Framework for Resolution of Stressed Assets and the order of Hon'ble Supreme Court of India dated 3rd March, 2023.\r\n\r\nThe acquired Business Undertaking of RHFL includes movable, immovable, investments, securitized and non securitized loan portfolio consisting of affordable home loans, home loans, loan against property, construction finance, etc.