Reliance Home Finance headed for voluntary liquidation, surrenders CoR

The Reserve Bank of India (RBI) has granted approval for Reliance Home Finance's voluntary exit from the home finance business. Authum Investment and Infrastructure Ltd, which acquired Reliance Home Finance a year ago, has proposed the voluntary liquidation. The housing finance company plans to execute a slump sale of all assets to Reliance Commercial Finance Ltd, another company acquired by Authum Investment.
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