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Rel Cap IndusInd: Reliance Capital lenders urge Hinduja Group arm to stick to resolution plan deadline

Lenders of Reliance Capital urge IndusInd International Holdings Ltd (IIHL) to accelerate regulatory approvals for the resolution plan, emphasizing the May 27 deadline. IIHL is expected to pay Rs 9,650 crore by then. Delays in IRDAI approval for the transfer of insurance businesses raise concerns over meeting deadlines. ....

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HDFC makes HDFC Life a subsidiary by raising its stake to 50.33%

Mortgage lender clarified that July 1 is simply a tentative date for completion of its merger with HDFC Bank. The record date of July 13 is also tentative and subject to completion of certain formalities, it said ....

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