Debt-ridden Reliance Capital (RCAP) plans to usher in strategic traders in institution entities — domestic and business finance companies. It is open to ceding control in these two entities if wished. Blackstone, Carlyle, Brookfield, and the Piramal group are in talks to shop for a large stake in Reliance Home Finance (RHFL), in step with assets.
At present, RCap owns 51, consistent with a cent in RHFL. Brookfield declined to comment on an emailed query. “We no “onger touch upon marketplace hypothesis,” said Pir”mal Capital & Housing Finance. While a variety of investors.
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