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13 hours ago · June 20, 2024 at 3:40 AM PDT. India’s Hinduja Group is planning to raise about 73 billion rupees ($873 million) via two rupee bond offerings to partly fund its acquisition of Reliance Capital ...
May 19, 2024 · Reliance Capital Administrator seeks 10 days extension from RBI to transfer assets to Hinduja Group. The National Company Law Tribunal (NCLT) Mumbai, while approving the resolution plan on February 27, directed IndusInd International Holdings Ltd to implement it within 90 days ending May 27.
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.
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.
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 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...
May 23, 2024 · NCLT grants Hindujas more time to repay Reliance Capital lenders, secure regulatory approvals. The order was delivered on IIHL's application on Wednesday, requesting an extension of the 27 May...
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