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IIHL targets $50 billion in valuation post Reliance Capital and Invesco Mutual Fund buys

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.

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