Auction of Ambani’s company

The auction of debt-ridden Reliance Capitals was held on Wednesday. In this, Torrent Group placed the highest bid. Will Ahmedabad-based Torrent Group get the company even after offering a whopping Rs 8,640 crore to acquire the company? The picture is not clear. This is just the first phase of the company’s auction process, with more groups expected to bid. An official announcement will be made later.

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