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Hindujas reportedly looking to raise up to $1 billion to finance Reliance Capital acquisition

RCap administrator submits Hinduja Group s IndusInd bid to NCLT for approval

nclt: RCap Administrator submits name of IIHL as successful bidder for NCLT approval

In the first auction on December 21, Torrent Investments made the highest offer of Rs 8,640 crore, while the Hinduja Group entity offered Rs 8,110 crore. However, within 24 hours, the Hinduja entity gave a revised, improved offer of Rs 9,000 crore, a development contested by Torrent.

Reliance Capital Administrator submits name of IIHL as successful bidder for NCLT approval

The administrator has filed an application under Section 30 (6) of the Insolvency and Bankruptcy Code, 2016, for submission of the resolution plan of IIHL as approved by the Committee of Creditors of Reliance Capital Limited, with the Adjudicating Authority National Company Law Tribunal (NCLT), Mumbai Bench, RCap said in a regulatory filing.

Reliance Capital lenders vote in favour of Hinduja Group firm

Reliance Capital lenders vote in favour of Hinduja Group firm
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