Deloitte has approached 43 entities to assess their interest to bid for Reliance Capital, which is undergoing insolvency proceedings, said people briefed on the matter.

Among those approached by Deloitte are HDFC Bank; SBI Life Insurance; ICICI Lombard General Insurance; financial services arms of industrial houses such as the Aditya Birla Group, Adani Group, Naveen Jindal Group and the Hero Group; and non-bank finance companies like Capri Global, according to these people. It has also sought response from distressed debt funds such as Cerberus, Oaktree Capital and Piramal and Bain Capital joint venture India Resurgence Fund; global and local private equity firms including Blackstone, TPG, True North and Arpwood Capital; and financial services group Edelweiss.

The list also includes other asset reconstruction companies, banks, insurers, non-bank finance companies as well as financial technology firms, the people said.

The insolvency proceedings were initiated after the Reserve Bank of India superseded the company’s board on November 30 last year, citing governance concerns.

Deloitte is acting on behalf of the RBI-appointed administrator of Reliance Capital, Nageswar Rao Y.

The deadline for the submission of expressions of interest is now March 25, after it was extended once.

Deloitte declined to comment when contacted, while Nagewar Rao did not respond to a request for comment. SBI Life, Adani, Hero, Aditya Birla Capital, the Naveen Jindal group, Capri Global, Cerberus, True North, Arpwood Capital and Edelweiss did not respond to queries. HDFC Bank, ICICI Lombard and India RF could not be reached for comment, while Oaktree Capital, Blackstone and TPG declined to comment.

The administrator is said to have received 20 EoIs so far. Some prospective bidders had indicated their interest by the first deadline of March 11, according to the people. Financial creditors of the company have filed claims worth ₹24,000 crore.