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
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
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