IIHL to seal RCap buy by January, focus on growth: Ashok HindujaHinduja confirmed that IIHL has secured all necessary regulatory approvals and completed the fund-raising process. The de-listing of Relian...
16 Dec, 2024, 06.02 AM IST
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 ...
13 Sep, 2024, 04.25 PM IST
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...
01 Sep, 2024, 06.18 PM IST
Lenders to Reliance Cap raise concerns over Rs 7,300 cr debt term sheet offered by IIHLLenders to debt-laden Reliance Capital expressed concerns over the term sheet provided by IIHL for Rs 7,300 crore debt mobilisation, citing...
25 Aug, 2024, 06.26 PM IST
NCLT directs RBI, DIPP to expedite approvals for implementation of RCap resolution planThe National Company Law Tribunal asked the Reserve Bank and DIPP to expedite approvals for Hinduja Group's resolution plan for Reliance Ca...
12 Aug, 2024, 04.01 PM IST
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...
06 Aug, 2024, 08.45 PM IST
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...
04 Aug, 2024, 08.37 PM IST
Hinduja Group ready to pay Rs 2,750 crore now for Reliance Capital resolution, files intervention application before NCLTIn an email communication from IIHL’s CEO, Moses John, to RCap administrator Nageswara Rao, IIHL emphasized the need to complete multiple a...
30 Jul, 2024, 10.19 PM IST
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...
11 Jul, 2024, 07.47 AM IST
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...
13 May, 2024, 05.44 AM IST
IndusInd sets itself a new Rs 4.2 lakh crore target, eyes 2030 timelineUnder the new plan, IIHL is looking to set up a banking, financial services, and insurance portfolio worth $50 billion (Rs 4.2 lakh crore) ...
07 May, 2024, 07.21 PM IST
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...
06 May, 2024, 05.32 AM IST
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...
05 May, 2024, 07.53 PM IST
Reliance Capital lenders urge Hinduja Group arm to stick to resolution plan deadlineLenders of Reliance Capital urge IndusInd International Holdings Ltd (IIHL) to accelerate regulatory approvals for the resolution plan, emp...
28 Apr, 2024, 04.05 PM IST
IRDAI raises concern over Hinduja Group-led IIHL bid for Reliance CapitalIRDAI raises concerns over IndusInd International Holdings' (IIHL) resolution plan for Reliance Capital, citing deviations from insurance r...
07 Apr, 2024, 03.40 PM IST
Reliance Capital lenders' counsel asks Hindujas to roll out IBC planThe National Company Law Tribunal (NCLT) approved the ₹9,650 crore resolution plan of IIHL in its order dated February 27. Torrent Investme...
06 Mar, 2024, 01.05 AM IST
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...
20 Nov, 2023, 02.35 PM IST