Reliance Strategic Business Venture Limited, a subsidiary of Mukesh Ambani-led Reliance Industries Ltd, has successfully bid for Karkinos Healthcare Pvt Ltd, a Mumbai-based technology-led oncology platform. The Mumbai Bench of the NCLT on 9th December 2024 approved Reliance Strategic Business Venture Limited’s Rs 352-crore resolution plan. Earlier, the Committee of Creditors (CoC) had approved the plan by 100 vote share.
As per the resolution plan, Reliance Strategic Business Venture Limited would pay 100% of the admitted claims of the creditors. The resolution plan offers to pay Rs 37.59 crore – same as the admitted amount – to secured financial creditors. Unsecured financial creditors would receive Rs 65.12 crore….
