Hinduja Group is in talks with non-banking financial company 360 One Prime (formerly IIFL Wealth Prime) to borrow Rs 4000 crore to acquire Anil Ambani’s Reliance Capital under the bankruptcy code.
SP Hinduja, Chairman of Hinduja Group, passed away at the age of 87 in London today (May 17). Known as SP among his business associates and friends, he was also the chairman for Hinduja Bank of Switzerland and Hinduja Foundations. Know all about Srichand Hinduja’s life, controversies like Bofors scam that Hinduja brothers had to face and the Hinduja family succession battle in this Business Today Visual Story.
The 27 year old Hinduja Bank is one of the three major financial institutions, owned by the conglomerate, aside from IndusInd Bank and Hinduja Leyland Finance.