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MUMBAI - The Reserve Bank of India (RBI) has approved the acquisition of Anil Ambani's debt-ridden Reliance Capital by IIHL BFSI (India), a subsidiary of the Hinduja Group. This move comes after IIHL...
MUMBAI - The Reserve Bank of India (RBI) has given its nod to the resolution plan for the troubled financial services firm Reliance Capital, paving the way for the acquisition by Indian conglomerate...
Reliance Capital, part of the Reliance Group, reported a consolidated net loss of Rs 239 crore ($3.2 million) for the second quarter of the fiscal year 2024 (Q2FY24), as per regulatory filings on...
IndusInd Bank reported a notable 22% rise in Q3 net profit to INR 2,202 crore ($296 million), driven by an 18% increase in core net interest income and a significant drop in provisions to INR 973.81...
Brookfield, Cerberus, and Deutsche Bank (ETR:DBKGn) have recently submitted term sheets to IndusInd International Holdings (IIHL), the Hinduja Group's holding entity, to finance the acquisition of...
The Hinduja Group is expanding its search for alternative financing options to secure its Rs 9,661 crore ($1.3 billion) bid for Reliance Capital, a move that follows the rejection of its initial...
IndusInd International Holdings Ltd. (IIHL), the promoter entity of IndusInd Bank, has successfully acquired the debt-ridden financial services company, Reliance Capital. The acquisition was finalized...
Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, is grappling with fresh Goods and Services Tax (GST) demands from the Directorate General of GST Intelligence (DGGI). The...
Torrent Investment, in a legal tussle with IIHL, is contesting the acquisition of bankrupt Reliance Capital's assets. This legal dispute comes after IIHL's Rs 9,800 crore (Rs 1 crore = $120,256)...
The National Company Law Tribunal (NCLT) has rejected a plea from Torrent Group, which sought to delay the approval of the resolution plan for debt-ridden Reliance Capital, submitted by Hinduja Group...
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