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BANKRUPT RELIANCE CAPITAL
NCLT directs IIHL to deposit an equity amount of Rs 2,750 crore in CoC designated accountOn Thursday, the bankruptcy court ordered Hinduja Group's IndusInd International Holdings (IIHL) to deposit Rs 2,750 crore into an escrow a...08 Aug, 2024, 05.17 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
- 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...23 Jul, 2024, 01.17 PM IST
- 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...20 May, 2024, 04.28 PM IST
- Hindujas may borrow ₹4,000 crore to fund Reliance Capital purchaseThe group's acquisition of Reliance Capital is pending necessary court and regulatory approvals. Its offer of ₹9,650 crore was approved by ...14 Feb, 2024, 12.39 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
- IRDAI objects to Hinduja Group pledging shares of insurance company to acquire Reliance CapitalHinduja Group is in talks with offshore lenders to raise $800mn (Rs 6,660 crore equivalent) to acquire the finance company under the Insolv...14 Oct, 2023, 10.28 PM IST
- IRDAI objects to IndusInd Holdings' pledging plan to buy Reliance CapHinduja Group is in talks with offshore lenders to raise $800 m (₹6,660 crore equivalent) to acquire the finance company under the Insolven...14 Oct, 2023, 09.42 AM IST
- Reliance Capital lenders fear recovery below liquidation valueLenders of bankrupt Reliance Capital fear their loan recovery could fall below the liquidation value of `12,500-13,000 crore for the financ...27 Mar, 2023, 12.09 AM IST
- NCLAT permits second round of auction for the sale of Reliance CapitalThe division bench of Justice Ashok Bhushan and Barun Mitra in its oral order, set aside the Mumbai bench of the National Company Law Tribu...02 Mar, 2023, 12.20 PM IST
- RCap resolution: NCLAT issues notices to Torrent Investments, others on lender's pleaThe appellate tribunal has directed to list the petition on February 9, 2023, saying the appeal would be heard and decided by it. Vistra IT...07 Feb, 2023, 06.59 PM IST
- Reliance Capital lenders approach NCLAT over second round of auctionEarlier on February 2, the Mumbai bench of the National Company Law Tribunal (NCLT) had ruled against holding a fresh round of auction for ...06 Feb, 2023, 10.44 PM IST
- LIC, EPFO make no headway in efforts to sell Reliance Capital papersAlmost the whole Rs 15,000 crore of Reliance Capital’s credit are supposedly secured lending, mostly through bonds (or non-convertible debe...12 Sep, 2021, 06.11 PM IST
- RIL pumps in Rs 500 crore equity into Alok Inds for 37.7%stakeThe Ahmedabad bench of the National Company Law Tribunal (NCLT) had last year approved the joint bid.29 Feb, 2020, 05.02 PM IST
- Airtel, Jio, 2 others eye Reliance Communications assets as bids open on MondayWhile Airtel and Jio are expected to bid mainly for RCom's 850 MHz spectrum, I Squared Capital is likely to vie for the telco's data centre...25 Nov, 2019, 12.58 PM IST
- In a first, RCom AGM to be chaired by resolution professional on MondayA resolution professional will chair and address the shareholders of bankrupt Reliance Communications at the annual meeting with shareholde...29 Sep, 2019, 06.22 PM IST
- ADAG group promoter stepped up share pledges post 2014Reliance Naval was the only group co whose shares were pledged in 201411 Feb, 2019, 08.31 AM IST
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