India Business News: Mumbai: IndusInd International Holdings (IIHL) aims to establish a banking, financial services, and insurance (BFSI) portfolio worth $50bn (Rs 4.
IIHL targets $50 billion valuation by 2030: Chairman Ashok Hinduja business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
IIHL is yet to get a nod from insurance watchdog Irdai for its Rs 9,650-crore acquisition of Reliance Capital. IIHL said it will be able to pay the sum it has bid for within 48 hours of the Irdai nod and complete the deal.
IndusInd International Holdings aims to establish a banking, financial services, and insurance portfolio worth $50 billion by 2030 through investments in IndusInd Bank and new businesses under Reliance Capital. IIHL has completed regulatory formalities to increase stake in the bank to 26% from 15%.