The Hinduja Group has received the insurance regulator’s approval to conclude the acquisition of Reliance Capital’s (RCap) three insurance companies, a move that will help it complete the ...
According to sources familiar with the situation, the insurance regulator has granted approval for the Hinduja Group to acquire Reliance Capital's life, general, and health insurance businesses, with ...
New entities were introduced in the transaction at the eleventh hour, just days ahead of expiry of RBI deadline. RCAP to issue debentures to raise funds for its own acquisition. Deadline extension ...
New Delhi/Mumbai, May 11 (PTI) Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance ...
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. Photograph: Kind ...
Speaking with reporters here over the weekend, Hinduja said IIHL will be able to pay the sum it has bid for within 48 hours of the Irdai nod and complete the deal. With a little over three weeks to go ...
Hinduja in the driver's seat as RBI is likely to extend the payment deadline for them, since they had bid Rs 1200 crore more than Torrent Group Hinduja Group's acquisition of Reliance Capital ...
With a little over three weeks to go before the National Company Law Tribunal's May 27 deadline for executing the Rs 9,650 crore buy of RCAP comes to a close, Ashok Hinduja said the Mauritius ...
In a recent letter to RBI, IIHL has also sought approvals for the new corporate structure stating the change was to streamline the whole process, sources close to the development said. In a ...
Lenders have refused to extend the deadline for repayment of Reliance Capital's dues by the Hinduja group, suspecting a deliberate attempt by the group to delay implementation of the resolution ...