The Hinduja brothers have reaffirmed their commitment to keeping the $60 billion conglomerate intact, dismissing rumors of a split. Ashok Hinduja, chairman of Hinduja Group (India), stated that all family members are working towards a common goal and everything is owned by everyone. The family s guiding principle is that everything belongs to everyone and nothing belongs to anyone. Reports of tension within the family have surfaced following the death of Srichand Hinduja.
IIHL or IndusInd International Holdings Ltd is one of the promoter entities of private sector lender IndusInd Bank and was the winning bidder for Reliance Capital under the IBC (insolvency and bankruptcy code) route.
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