Anil Ambani's Reliance Capital buyer is looking to borrow Rs 7500 crore, however it is facing pricing challenges with various credit funds as they are demanding higher rates.
The IRDAI gave its approval for a 26 percent stake sale in Reliance Capital including in Reliance General Insurance Company, Reliance Nippon Life Insurance Company (RNLIC), and Reliance Health Insurance to the Hinduja Group.
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.
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