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Investigation

A controversial babu, a godman, film producers: Meet the faces behind the INR16,000 crore bid for RCom

Delhi-based UVARCL has emerged as the highest bidder for Anil Ambani-promoted Reliance Communications, which is under NCLT proceedings. ET Prime's investigation has unearthed links of various colourful characters associated with the bidding company. Lenders would do well if they evaluate the offer before taking the final call on January 31.
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nsundareshasubramanian
28 Jan 2020 12 Mins Read 3 comments
From left, Shilpi Sharma, Satish Kaushik, and Pramod Sharma
From left, Shilpi Sharma, Satish Kaushik, and Pramod Sharma
Nehru Place in south Delhi has become one of the new-age hangout joints with top restaurants, co-working spaces, watering holes, and a high-end multiplex coming up under the busy violet-line metro station. With some swanky glass-and-steel towers, the neighbourhood has gone beyond being the computer hardware market, its first claim to fame. But the national capital’s answer to Mumbai’s
sent to the nominee director of Central Bank did not elicit any response. While UVARCL’s bid seems to have caught the imagination of lenders, they might need to take a much closer look and carefully evaluate the ethical and moral questions that it brings along before taking a final call on January 31. ( Graphics by Mohammad Arshad)
Nehru Place in south Delhi has become one of the new-age hangout joints with top restaurants, co-working spaces, watering holes, and a high-end multiplex coming up under the busy violet-line metro station. With some swanky glass-and-steel towers, the neighbourhood has gone beyond being the computer hardware market, its first claim to fame. But the national capital’s answer to Mumbai’s sent to the nominee director of Central Bank did not elicit any response. While UVARCL’s bid seems to have caught the imagination of lenders, they might need to take a much closer look and carefully evaluate the ethical and moral questions that it brings along before taking a final call on January 31. ( Graphics by Mohammad Arshad)

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