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IIHL BFSI
Hindujas looking for strategic partner in IndusInd Bank, but will not dilute stakeThe bank now has a capital adequacy ratio of over 17%, so it does not need funds. As a promoter, we have always stated that whenever funds ...- IndusInd promoter IIHL Mauritius buys 100% stake in Sterling Bank, BahamasIndusInd International Holdings Ltd has finalized its acquisition of Sterling Bank in the Bahamas. This follows their initial 51% stake pur...
- IndusInd International Holdings completes acquisition of Reliance Capital; mgmt transfer to take place on WednesdayIndusInd International Holdings Ltd (IIHL) has completed its acquisition of Reliance Capital (RCAP) by transferring the bid amount to lende...
- NCLT gives all parties 8 days to complete procedural issues for ownership transfer of RCAP to IIHLThe NCLT has granted an additional eight days to complete procedural issues for the ownership transfer of Reliance Capital to IndusInd Inte...
- 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...
- Reliance Nippon Life starts negotiation with IndusInd Bank on bancassurance tie upReliance Nippon Life Insurance and IndusInd Bank are discussing a partnership. IIHL's acquisition of RCAP is almost complete. This partners...
- Hinduja Group needs DPIIT nod, too, for Reliance Capital buyThe Hinduja Group got approval from the Reserve Bank of India to buy Reliance Capital. The deal still needs a green light from the Departme...
- IndusInd Intl to raise Rs 3,000 cr via NCDs to fund Reliance Capital buyoutIndusInd International Holdings plans to raise ₹3,000 crore through non-convertible debentures to finance its acquisition of Reliance Capit...
- 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...
- Hinduja rejigs fundraise plan for Reliance Capital dealHinduja Group, the winning bidder for Reliance Capital, is reworking its fundraising plan to raise ₹7,500 crore from domestic and overseas ...
- Hindujas' acquisition of Reliance Capital hits financing hurdle"IndusInd International Holdings (IIHL) is trying to reduce the cost by nearly one percentage point and is seeking a cheaper loan through o...
- 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...
- Hindujas get Irdai nod for buying Reliance Capital business; conditions applyAccording to sources familiar with the situation, the insurance regulator has granted approval for the Hinduja Group to acquire Reliance Ca...
- IndusInd International to buy 60% in Invesco AMCInvesco will retain a 40% stake in the fund house, while both IIHL and Invesco will have sponsor status. The size of the deal has not been ...
- 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...
- IRDAI seeks more details from IIHL to approve deal for Reliance Capital's insurance businessDated March 20, the letter by the Insurance Regulatory and Development Authority of India (IRDAI) was in response to a request by administr...
- CCI clears IndusInd International Holdings Ltd-Reliance Capital dealIn July, Hinduja group-owned IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, announced a USD 1.5-billion capital-rai...
- 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...
- Hindujas eye $35-40 billion valuation of their BFSI businessThe Hinduja group is eying a valuation of $35-40 billion for its banking, financial services, and insurance (BFSI) business. Ashok Hinduja,...
- IndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pcIIHL had made the highest cash offer of Rs 9,661 crore in the auctions and secured as much as 99 per cent of the lenders' votes. The bid al...
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