Hinduja Group

Reliance Capital acquisition: Hinduja Group’s IIHL will get IRDAI approval

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Hinduja Group’s IndusInd Worldwide Holdings (IIHL) on Could 10 acquired the long-awaited Insurance coverage Regulatory and Growth Authority of India’s approval for the acquisition of Reliance Capital. Additionally learn: Able to conclude RCap deal submit IRDAI approval: Ashok Hinduja The acquisition will embrace the takeover of Reliance Capital’s insurance coverage arms — wholly-owned subsidiary Reliance … Read more

Hinduja Group more likely to search extension from RBI on switch of RCap to IIHL

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Hinduja Group’s IndusInd Worldwide Holdings (IIHL) is predicted to hunt a six-month extension from the Reserve Financial institution of India for the proposed switch of management of Reliance Capital, sources advised businessline. Along with IIHL, elements of Reliance Capital’s enterprise can be transferred to its subsidiaries IIHL BFSI (India) Restricted (IIHL BFSI), and Aasia Enterprises … Read more