Mumbai: Reliance General Insurance has obtained a legal opinion that states IndusInd Holding’s resolution plan cannot extinguish any stock options or .
IIHL or IndusInd International Holdings Ltd is one of the promoter entities of private sector lender IndusInd Bank and was the winning bidder for Reliance Capital under the IBC (insolvency and bankruptcy code) route.
India Business News: TNNMumbai: The Hinduja Group, through IndusInd International Holdings, is likely to become the new owner of Reliance Capital (RCap) as a majority of f.
IIHL s Rights Issue oversubscribed for the redemption of balance 75% warrants of IndusInd Bank
Posted On: 2021-02-16 20:32:24 (Time Zone: Arizona, USA)
IndusInd International Holdings Ltd. (IIHL), the promoter company of IndusInd Bank, confirms that it has completed its capital raise through its Rights Issue which was oversubscribed. IIHL raised capital at an overwhelming premium of 1400% towards the subscription of this Rights issue. This reiterates the confidence of IIHL s global shareholders, spread across 34 countries, in the decision of IIHL and its subsidiary, IndusInd Limited, to redeem the balance of 75% of the warrants at the price of Rs. 1709/- per share (a huge premium over the current market price of Rs 1059), aggregating to Rs. 2021.45 crores.
Read more about Sensex corrects 400 pts on profit selling on Business Standard. As per the provisional closing data, the S&P BSE Sensex, tumbled 400.34 points or 0.77% at 51,703.81. The Nifty 50 index lost 104.55 points or 0.68% at 15,208.90.