Hindujas-promoted IndusInd India Holdings has deposited ₹2,750 crore within the escrow account opened by the committee of collectors of Reliance Capital as directed by the Nationwide Firm Regulation Tribunal. Additionally learn: IIHL confirms cost of ₹2,700 cr for RCap buyout In an affidavit filed with NCLT, the corporate mentioned it has remitted ₹250 crore within … Read more
The Hinduja Group has revised its funding choices for buying Reliance Capital as RBI has raised objection to the proposal of offering cross assure as per the appliance submitted by IndusInd Worldwide Holding (IIHL). The group has already reworked ₹7,300 crore funding by way of another route and the revised the lending documentation is predicted … Read more
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
IRDAI has written to the administrator of Reliance Capital on March 20 looking for particulars of IndusInd Worldwide Holdings’ proposed takeover of bancrupt RCap and its insurance coverage subsidiaries. The letter was in response to functions filed by the insurance coverage subsidiaries in October 2023 and conferences held with the administrator in December 2023 and … Read more