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
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
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