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Reliance Capital Hinduja: IRDAI raises concern over Hinduja Group-led IIHL bid for Reliance Capital

IRDAI raises concerns over IndusInd International Holdings (IIHL) resolution plan for Reliance Capital, citing deviations from insurance regulations. Questions arise over IIHL s equity infusion, debt-raising plans, and ability to meet future capital needs. The regulator also seeks clarity on FDI limits and acquisition structure. IIHL s Rs 9,650-crore resolution plan for Reliance Capital was approved by NCLT in February 2024 ....

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IRDAI Raises Concern Over Hinduja Group-led IIHL Bid For Reliance Capital

IRDAI Raises Concern Over Hinduja Group-led IIHL Bid For Reliance Capital
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