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Podcast: The Morning Brief
Episode: Reliance Capital: ADAG’s Dust, Hinduja’s Dreams?
Description: Reliance Capital was the last big bastion to fall in Anil Ambani’s business empire. Once competing with the likes of ICICI and HDFC, it has been, for the last year, languishing in India’s bankruptcy court. The complex resolution process is a two-horse race between Gujarati pharma giant Torrent Group and auto-hospitals-banking conglomerate Hinduja Group. The prize is RCap’s lucrative insurance business with assets worth Rs 56,000 crore. Host Anirban Chowdhury speaks to: Sudip Bandyopadhyay, Group Chairman of Inditrade Capital and Former MD of Reliance Money on the rise of Reliance Capital Sangita Mehta, ET’s Senior...