![Reliance Home Finance headed for voluntary liquidation, surrenders CoR Reliance Home Finance headed for voluntary liquidation, surrenders CoR](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlFJS6tYzqn7dV3ExbmFcV3XC0bboY14tFXFDKe5S3tXqQSdzBT19Mtka0PBbj97NMwAQmuHVl0pwS7a_mAF7NCXMwnb0y-BWbKqBLLRKuJ365Z8gNBPiaWC9RBGeNi2KcE0VVFAW6VJW6bD1ZBiptpoqhtqGbCIIpoTLnfrI66eMkZazSmCvYz1pENjfW/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(30).png)
- Authum Investment and Infrastructure Ltd, which acquired Reliance Home Finance a year ago, has proposed voluntary liquidation of the company.
- Under the resolution plan, Authum acquired Rs 11,540 crore debt of Reliance Home Finance for Rs 3,351 crore.
- The housing finance company has proposed a slump sale of all its assets to unlisted Reliance Commercial Finance Ltd, which was also acquired by Authum Investment.
- This decision has impacted the stock price of Reliance Home Finance.
- On January 22, 2024, the stock price went down by -1.88%, closing at 5.33 per share.
Question:
Q.1 How much debt of Reliance Home Finance was acquired by Authum under the resolution plan?a. Rs 3,351 crore
b. Rs 11,540 crore
c. Both A and B
d. None of the above