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THE RCAP GROUP
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 ...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- Independent valuers give Rs 13,000 crore liquidation value for Reliance CapitalAs per the valuation report by Duff and Phelps, the liquidation value of Reliance Capital is estimated at Rs 12,500 crore, while the liquid...
- 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...
- Reliance Capital's lenders reach agreement on EoI document for biddersThe Reserve Bank of India had superseded the board of Reliance Capital on November 30 and brought in Nageswara Rao, a former executive dire...
- 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...
- Reliance Capital raises objection to PFL stake sale by Credit SuisseAnil Ambani's Reliance Group company Reliance Capital termed the proposed transaction as a blatant abuse of the purported rights by Credit ...
- 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...
- Reliance Securities to buy out its broking unit from RCapReliance Securities is 100 per cent subsidiary of Reliance Capital.
- Debt investors dump Reliance Capital bonds on repayment doubtsThe situation is really bad for the credit side, according to another executive.
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