India Business News: The National Company Law Tribunal has approved the Rs 9,650-crore resolution plan submitted by Hinduja's IndusInd International Holdings for bankrupt Reliance Capital. Get all the details here.
Hinduja Group is in talks with offshore lenders to raise $800 m (₹6,660 crore equivalent) to acquire the finance company under the Insolvency and Bankruptcy Code, the people said. Lenders have unanimously voted in favour of a ₹9,660-crore plan offered by IIHL in June.