NCLT asks RCAP lenders to complete all procedural issues by Mar 12 for ownership transfer to IIHLThe NCLT has directed lenders and the monitoring committee to complete all pending procedural formalities by March 12 for IndusInd Internat...
Escrow deadlock stalls Reliance Capital deal, IIHL seeks NCLT guidanceIIHL's acquisition of Reliance Capital faces delays as deadlock over escrow agreements stalls the final Rs 4,300-crore funding. The stalema...
Reliance Capital Insolvency: NCLAT notice to IIHL on CoC plea for interest for extended time & forfeitureThe NCLAT has issued a notice to IndusInd International Holdings Ltd over a plea by Reliance Capital's lenders seeking interest on delayed ...
Lenders to RCAP accuse IIHL of using delaying tactics, company denies allegationsLenders to debt-laden Reliance Capital have accused Hinduja Group's IIHL of delaying the resolution plan approved by NCLT for Rs 9,861 cror...
Reliance Capital lenders move NCLAT over IIHL's payment delaySecured lenders of Reliance Capital sought the National Company Law Appellate Tribunal's intervention to include interest on delayed paymen...
IIHL transfers money to creditors in first step to take over Reliance CapitalEarlier on August 1, creditors to Anil Ambani-promoted Reliance Capital, led by bond holders trustee Vistra ITCL (India) in a letter to Mau...
NCLT to hear Reliance Capital-IIHL resolution case on Wednesday, expected to issue direction to partiesThe Mumbai bench of NCLT was expected to consider an application from Reliance Capital's Administrator, urging IIHL to implement a resoluti...
IIHL fails to deposit money as per NCLT order, RCAP admin tells tribunal; IIHL denies contempt chargeThe administrator of Reliance Capital claimed IIHL did not comply with a tribunal's order by placing funds in incorrect accounts. IIHL stat...
NCLT grants extension till Aug 10 to IIHL for completing RCapital resolution planIIHL made the highest cash offer of Rs 9,661-crore in the auctions and secured as much as 99 per cent of the lender's votes. The bid also i...
IIHL plans to borrow Rs 4,300 crore via NCDs for Reliance Cap buyIIHL seeks ₹ 4,300 crore NCD issue for Reliance Capital acquisition. Managed by RBI's Nageswara Rao Y under IBC, with NCLT approving ₹ 9,65...
IIHL seeks RBI approval to pledge 100% of RCap's sharesIndusInd International Holdings (IIHL), a holding company of IIHL BFSI (India), received the NCLT nod to buy the financial services firm fo...
IndusInd promoter company to raise stake in bank to 26%IIHL, an investment arm of the Hinduja brothers, aims to improve valuation of its investment to $50 billion by 2030. IIHL has already recei...
IIHL yet to get Irdai nod on RCAP deal, tied up Rs 7,500 cr from banks for acquisition: Ashok HindujaIIHL awaits Irdai approval for Rs 9,650-crore Reliance Capital acquisition, ready to pay promptly. NCLT deadline nears with funding secured...
IRDAI nod likely soon for IIHL's buyout of Reliance Capital's three insurance armsIRDAI expected to approve IndusInd International Holdings' acquisition of Reliance Capital's 3 insurance companies. NCLT endorsed IIHL's ₹9...
IIHL to partner with Invesco, pick up 60 pc stake in AMC arm; Ashok Hinduja says partnership with Invesco is aligned with its business philosophyIndusInd International Holdings partners with Invesco to acquire majority stake in Invesco Asset Management India, reinforcing its position...
RBI directs Reliance Capital's acquiring company IIHL BFSI (India) to maintain arm's length distance from IndusInd parentThis is one of the conditions that the banking regulator stipulated while granting no objection to the transfer of management control of Re...
Irdai rejection raises more questions for Hinduja-led IIHL on source of funds for RCAP acquisitionThe Administrator of debt-ridden Reliance Capital (RCAP) has raised concerns about the source of funds and business plan with IndusInd Inte...