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Hinduja Group’s firm has already received clearance from SEBI, CCI (Competition Commission of India) and RBI. It now awaits a green signal from IRDAI for Reliance Capital acquisition.
IIHL, an investment arm of the Hinduja brothers, aims to improve valuation of its investment to $50 billion by 2030. IIHL has already received RBI nod to raise its state in IndusInd Bank to 26%. The investment arm also plans to grow life and non-life businesses, start its health insurance operations and will retain Reliance Securities and ARC businesses.