Shares of Anil Dhirubhai Ambani Group (ADAG) on Friday fell up to 14% after Sebi restricted industrialist Anil Ambani from the securities market for five years on charges of fund siphoning from Reliance Home Finance. Shares of penny stock Reliance Home Finance hit the 5% lower circuit to a low of Rs 4.46 on BSE. … Read more
Mumbai: Hinduja Group, the winning bidder for Reliance Capital (RCap), has reworked its fundraising plan by splitting it into two blocks: domestic and overseas. The group is looking to raise ₹7,500 crore funds from a mix of domestic and overseas private credit funds at 15%. Domestically, Hinduja plans to raise ₹3,500 crore from investors, including … Read more
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
