Reliance Life Insurance
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May 23, 2024 · The National Company Law Tribunal (NCLT) will hear a plea from Hinduja Group firm IIHL on June 20 for an extension of the deadline to complete Reliance Capital's resolution. IIHL, the successful bidder for Reliance Capital, seeks a 90-day extension beyond the May 27, 2024 deadline set by NCLT Mumbai for completing the Rs 9,650-crore resolution ...
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 · 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...
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.
6 days ago · Hinduja Group plans to raise around ₹7,300 crore via two rupee bond offerings to partly fund its acquisition of Reliance Capital and has engaged Barclays and 360 One as bankers for the deal.
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.
Hinduja Group plans to raise around ₹7,300 crore via two rupee bond offerings to partly fund its acquisition of Reliance Capital and has engaged Barclays and 360 One as bankers for the deal.
Jun 3, 2024 · It has been more than two years since the Reserve Bank of India (RBI) referred Anil Ambani’s Reliance Capital (RCap) to the National Company Law Tribunal (NCLT) for insolvency proceedings.
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...
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.
