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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 · The NCLT approved the Rs 9,650-crore resolution plan of IndusInd International Holdings for Reliance Capital, which had a debt of over Rs 40,000 crore. The shareholders will not receive any payment and the equity shares will be delisted from the stock exchanges.
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.
- Rajesh Mascarenhas
Feb 28, 2024 · Reliance Capital Limited (RCL) announced that its shares might be delisted from stock exchanges as part of the approved resolution plan by NCLT. The company said that equity shareholders will not be entitled to receive any payment or offer after the delisting.
Apr 26, 2023 · Reliance Capital, a debt-ridden NBFC, is facing bankruptcy proceedings under IBC. A Hinduja Group firm has emerged as the highest bidder in the second round of auction, while Torrent Investments has challenged the process in the Supreme Court.
May 12, 2024 · IIHL, a Hinduja Group firm, has received IRDAI approval for acquiring Reliance Capital's insurance businesses for Rs 9,650 crore. The deal, which also involves Reliance General Insurance and Reliance Nippon Life Insurance, is pending RBI's clearance.
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...
