Reliance Life Insurance
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Jun 24, 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 · Agencies. A Hinduja Group firm on Wednesday emerged as the highest bidder with an offer of Rs 9,650 crore to take over debt-ridden Reliance Capital in the second round of auction, sources said.
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.
5 days ago · The bid also included the Rs 500-crore cash balance with Reliance Capital going to the lenders, taking the overall recovery to Rs 10,200 crore or about 65 per cent as against Rs 16,000 crore principal secured debt the crippled company owed to lenders. ... Rediff.com » Market News » IIHL Gets Extension to Complete Reliance Capital Resolution Plan. DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. ...
Reliance Capital Acquisition: As of the March 2024 quarter, Anil Ambani and his family is listed as the promoters in the Reliance Group company. While Anil had 0 shares, his wife Tina owns 2 ...
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.
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...
The Reserve Bank of India (RBI) vide its press release dated November 29, 2021 superseded the Board of Directors of Reliance Capital Limited under Section 45 IE of the Reserve Bank of India Act, 1934; and has appointed Shri Nageswara Rao Y as its Administrator with effect from November 29, 2021.
Nov 18, 2023 · Mumbai, Nov 18 (IANS) The Reserve Bank of India approved the resolution plan for debt-ridden Reliance Capital on Friday. The move finally clears the path for Hinduja Group entity -- IndusInd...
