RBI approves Hinduja Group entity acquisition of Reliance Capital newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
IIHL had 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 concluded in April. The Reserve Bank of India (RBI) on November 29, 2021, superseded the board of Reliance Capital in view of payment defaults and serious governance issues.
The Reserve Bank of India approved the resolution plan for debt-ridden Reliance Capital on Friday.The move finally clears the path for Hinduja Group entity IndusInd International Holdings Ltd (IIHL) to acquire the company.This is to .
RBI Approves Hinduja Group Entity Acquisition Of Reliance Capital menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Nclt: The Piramal Group is likely to challenge the order by moving the National Company Law Appellate Tribunal (NCLAT) against this dismissal, said persons with direct knowledge of the development.