PE-backed ARC among bidders for Anil Ambani’s home finance arm

Four asset reconstruction companies (ARCs) and a non-banking finance company have submitted bids for Reliance Group’s (formerly Anil Dhirubhai Ambani Group or ADAG) debt-laden mortgage arm Reliance Home Finance Ltd. The bidders include private equity group Ares SSG Capital-backed asset reconstruction company Assets Care & Reconstruction Enterprise Ltd (ACRE), Mumbai-based Invent ......