As per the plea by Torrent, the bidding process for debt-ridden Reliance Capital had concluded on December 21, 2022, in which Torrent emerged as the highest bidder with Rs 8,640 crore. However, a day after the e-auction, Hinduja Group, the promoter of IndusInd Bank, revised its offer from Rs 8,110 crore to Rs 9,000 crore.