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Jun 12, 2024 · 23 Jun 2024, 11:44PM IST. Hinduja Group, the winning bidder for Reliance Capital, is reworking its fundraising plan to raise ₹7,500 crore from domestic and overseas private credit funds at 15%. The Reserve Bank of India seized control of Anil Ambani-owned Reliance Capital due to governance concerns.
Feb 28, 2024 · Reliance Capital set to be delisted, taken private by Hinduja Group. The entire existing share capital of RCL is proposed to be cancelled and extinguished for nil consideration, according to an...
Apr 26, 2023 · The Reserve Bank of India (RBI) on November 29, 2021, superseded the board of Reliance Capital in view of payment defaults and serious governance issues. The RBI appointed Nageswara Rao Y as the administrator in relation to the Corporate Insolvency Resolution Process (CIRP) of the firm.
Feb 28, 2024 · The Anil Ambani-led Reliance Capital Limited (RCL) announced on Wednesday that its shares might be delisted from stock exchanges as part of the approved resolution plan. Notably, the trading in the stock has been restricted, and the shares of Reliance Capital last traded on February 26 when they declined 4.46% to Rs 11.79.
Jun 12, 2024 · IndusInd International Holdings (IIHL) , a firm of the Hinduja Group, won the bid for Reliance Capital in a debt resolution deal worth ₹9,850 crore in October 2023. IIHL has received almost all necessary approvals, including the crucial insurance regulator's approval, to conclude the acquisition.
Feb 27, 2024 · Significant development in solving Reliance Capital's financial issues. Resolution plan valued at Rs 9,650 crore. The National Company Law Tribunal (NCLT) on Tuesday approved the resolution plan put forth by IndusInd International Holdings, a subsidiary of the Hinduja Group, for Reliance Capital.
Jun 22, 2024 · The Hinduja group is reportedly planning to raise about ₹7,300 crore ($873 million) through a couple of rupee bond offerings to partly fund its acquisition of Reliance Capital. IndusInd International Holdings Ltd (IIHL) was the successful bidder for the resolution of Reliance Capital, the ...
Nov 29, 2021 · BENGALURU, Nov 29 (Reuters) - India's central bank said on Monday it would initiate bankruptcy proceedings against Reliance Capital Ltd (RLCP.NS), superseding the non-banking financial...
Nov 18, 2023 · The Reserve Bank of India on November 17 approved the resolution plan for debt-ridden Reliance Capital. The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group...
Feb 27, 2024 · Mumbai: The National Company Law Tribunal (NCLT) on Tuesday approved the the ₹ 9,650 crore resolution plan of IndusInd International Holdings Ltd (IIHL), a Hinduja Group entity, to acquire bankrupt...
