Hinduja Group’s firm has already received clearance from SEBI, CCI (Competition Commission of India) and RBI. It now awaits a green signal from IRDAI for Reliance Capital acquisition.
Anil Ambani’s Reliance Capital secured a buyout offer of Rs 9650 crore from IIHL a few months ago. Hinduja Group’s firm has now received clearance from SEBI, CCI (Competition Commission of India) and RBI.
As Hinduja Group is in talks to borrow Rs 8000 crore to acquire Anil Ambani’s Reliance Capital under the bankruptcy code, an investor in Reliance Capital has filed a writ petition in the Bombay High Court challenging NCLT order.