Piramal-Cosmea’s ₹5,231-crore bid highest for RCap, units

November 30, 2022

The Piramal-Cosmea proposal involves Piramal offering to acquire only Reliance General Insurance Co, a wholly-owned subsidiary of Reliance Capital, for ₹3,750 crore and Cosmea making a ₹1,481-crore bid for Reliance Capital and its other units.

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