IIHL

Hinduja Group firm IIHL to raise Rs 3,000 crore via NCDs

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Hinduja Group firm IIHL to raise Rs 3,000 crore via NCDs

Hinduja Group firm IIHL, the successful resolution applicant for takeover of debt-ridden Reliance Capital (RCAP), on Monday filed offer documents to raise Rs 3,000 crore through non-convertible debentures (NCDs), according to sources. The proceeds will be used to part fund the acquisition of RCAP, while the other leg of the transaction to complete the process … Read more

Reliance Capital: IIHL seeks RBI approval to pledge 100% of RCap’s shares

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Reliance Capital: IIHL seeks RBI approval to pledge 100% of RCap’s shares

Mumbai: Hinduja Group-linked IIHL BFSI (India) has sought the banking regulator’s approval to pledge 100% shares of Anil Ambani-promoted Reliance Capital, the company it acquired in a bankruptcy resolution, to raise ₹8,000 crore, people with knowledge of the matter told ET. IndusInd International Holdings (IIHL), a holding company of IIHL BFSI (India), received the NCLT … Read more