The Hinduja Group is planning to go for an initial public offering (IPO) by the middle of next year, according to Ashok Hinduja, Chairman (India) of the group. The listing would allow global high net worth shareholders to partly exit and generate value. The group is currently reviewing potential listing locations, including Singapore, Dubai, Luxembourg, and Mauritius. Gopichand Hinduja, Chairperson of the group, expressed confidence in India s growth potential and praised Prime Minister Modi s vision, while also emphasizing the importance of implementing that vision effectively.
We are not interested in doing just any project. Heritage, iconic nature of the project or building, something different, not just create another 30-storey building or 40-storey building and rebrand it, says Sanjay Hinduja
Reliance General Insurance has issued ESOPs to its employees. Khaitan & Co in its legal opinion submitted to the RGIC has opined that under IBC, treatment of assets and liabilities of subsidiary companies are not permitted to be prescribed under a resolution plan for the holding company. The IBC recognises the principle of separate legal entity , which means that once incorporated, the company becomes a separate legal person and has a personality that is distinct from the person responsible for its constitution.
While major lenders have offered term sheets of up to ₹6,000 crore, smaller funds have shown interest in providing loans ranging from ₹800 crore to ₹1,000 crore, contributing to the larger financing package.
While major lenders have offered term sheets of up to ₹6,000 crore, smaller funds have shown interest in providing loans ranging from ₹800 crore to ₹1,000 crore, contributing to the larger financing package.