News From Press IIHL completes acquisition of Reliance Capital, insurance units of debt-ridden firm to be listed in 2-3 years: Report

IIHL completes acquisition of Reliance Capital, insurance units of debt-ridden firm to be listed in 2-3 years: Report

Source: Mint Mar 19, 2025

IndusInd International Holdings Ltd (IIHL)'s Chairman Ashok P. Hinduja on March 18, announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. According to news agency PTI, IIHL has transferred the bid amount to the escrow account of the lender, and the management takeover from the Administrator will take place on March 19.

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