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IRDAI flags Hinduja Group-led IIHL s acquisition of Reliance Capital, says plan not in line with regulations

Hinduja Group-led IIHL s Reliance Capital acquisition plan has met with another roadblock after IRDAI raised concern over the resulotion plan for the debt-ridden insurance company. The regulator has sought clarification for the same from company

Nageswara raoNageshwara raoReliance capital ltdNational company law tribunalIndusind international holdings ltdHinduja groupAnil dhirubhai ambani groupReliance capitalForeign direct investmentReserve bankTorrent investmentsIihl acquisition of reliance capitalNageshwara rao yIihl shareholdersAcquisition plan

IRDAI raises concern over Hinduja led IIHL bid for Reliance Capital

Insurance regulator IRDAI has expressed some reservations over Hinduja Group firm IndusInd International Holdings’ (IIHL) resolution plan for debt-ridden Reliance Capital, which is also in the insurance business, including non-life, sources said. Insurance Regulatory and Development Authority of

Nageshwara raoNageswara raoIndusind international holdingAnil dhirubhai ambani groupDevelopment authority of indiaIndusind international holdings ltd rsReliance capital ltdHinduja groupNational company law tribunal onReliance capitalDevelopment authorityNational company law tribunalIndusind international holdings ltdTorrent investmentsIrdai raises concern over hinduja led iihl bid for reliance capital

Reliance Capital to be delisted from exchanges

As per the NCLT order and SEBI (Delisting of Equity Shares) Regulations, 2021, the equity shares of RCL will be delisted from stock exchanges.

Prabhat kumarNageswara raoAnil ambaniJustice vg bishtNational company law tribunalIndia limited the implementing entityIndusind international holdings ltdHinduja groupApproved resolution planMinimum public shareholdingApproved resolution planEquity sharesImplementing entityReliance capitalCorporate debtorApproved resolution

Reliance Capital set to be delisted, taken private by Hinduja Group

The entire existing share capital of RCL is proposed to be cancelled and extinguished for nil consideration, according to an exchange filing.

Nageswara raoAnil dhirubhai ambani groupHinduja groupIndusind international holdingIndusind international holdings for reliance capitalIndusind international holdingsReliance capitalHinduja group ledIndusind internationalEquity sharesReserve bankTorrent investments

Reliance Capital Shares To Be Delisted From Exchanges After NCLT Approves Hinduja Acquisition Plan

The company in the exchange filing announced that the National Company Law Tribunal (NCLT) in its approved resolution plan for the firm is contemplating delisting of existing equity shares from the exchanges

Reliance capital limitedHinduja groupReliance capital ltdNational company law tribunalNational company law tribunal onIndusind international holding rsHinduja acquisitionCapital limitedApproved resolution planAcquisition of relianceReliance capitalTorrent investmentsEquity sharesImplementing entity

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