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RCAP RESOLUTION PROCESS
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...- Delisting Reliance Capital one of last milestones towards acquisition by IIHL: Ashok HindujaIndusInd International Holdings Ltd has approached the bourses for the delisting of Reliance Capital's shares as part of its resolution pro...
- Reliance Capital applies for delisting sharesMauritius-based IndusInd International Holdings (IIHL) emerged as the successful suitor with a bid of ₹9,650 crore for the resolution of RC...
- Hinduja Group firm hopes to take over RCAP by Jan-end; triple fin services biz to USD 50 billion in 5 yearsHinduja Group's IIHL anticipates finalizing the Reliance Capital acquisition by January, aiming to triple its BFSI business to USD 50 billi...
- 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 Group moves NCLT to restrain IIHL from using 'Reliance' brand nameAnil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL) sought NCLT's intervention to stop IIHL from using the 'Reliance' brand upon implementing R...
- 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...
- NCLT clears IndusInd International's Rs 9,650 crore bid for RCap; lenders to take 63 pc haircutIndusInd International Holdings had submitted its plan in June 2023 in the second round of bidding for the debt-laden company that was orig...
- 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...
- Reliance General Insurance to get Rs 200 cr capital infusion from Reliance CapitalThe capital infusion in Reliance General comes at a time when the Committee of Creditors (CoC) has approved the Resolution Plan of IndusInd...
- Hinduja Group firm receives RCAP lenders' support in round 2Lenders of debt-ridden Reliance Capital Limited (RCAP) are expected to recover upfront cash of Rs 9,661 crore from Hinduja Group firm Indus...
- Reliance Capital resolution process deadline may be extendedLenders of Reliance Capital may consider extending the deadline for completing the resolution process until May 30 as the second auction ro...
- Uday Kotak says time to relook resolution policy as RCap auction hits roadblockThe plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not ...
- RCAP resolution plan hits roadblock as bidders upset over another auction planThe plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not ...
- Supreme Court declines to stay NCLAT order to hold second round of auction for RCap assetsThe Supreme Court on Monday declined to stay the National Company Law Appellate Tribunal's (NCLAT) order to hold a second round of auction ...
- Supreme Court agrees to hear Torrent's appeal against fresh auction of Reliance CapitalRCap's committee of creditors (CoC) is scheduled to conduct the second round of auction next Monday. However, the CJI orally said they may ...
- Deadline to submit Reliance Capital resolution plans likely to be extendedRCap had initially received 54 expressions of interest (EOIs) from different companies for its multiple assets. Out of the 54 Prospective R...
- For bondholders of Reliance Capital, only half recovery likelyLarge institutional investors, including LIC and Employee Provident Fund Organisation (EPFO), collectively own about ₹6,000 crore of RCap b...
- Top global funds queue up to buy Anil Ambani-controlled Reliance CapitalA second person involved in the process confirmed that top global firms have expressed interest but also added that the process is still in...
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