TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All News
of of All News
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>IndusInd International Holdings Completes Reliance Capital Acquisition, Plans Subsidiary Divestment and Operational Review to Boost Value</h1> IndusInd International Holdings Ltd (IIHL) has finalized its acquisition of Reliance Capital (RCAP) by transferring the bid amount to lenders, with management transfer set for Wednesday. IIHL plans to create value, estimating RCAP's business worth at Rs 20,000 crore. The firm will review RCAP's operations and decide on necessary fund infusions. IIHL aims to divest many of RCAP's 39-40 subsidiaries, mainly small shell entities, while protecting the interests of its 1.28 lakh employees. This acquisition expands IIHL's banking, financial services, and insurance portfolio, following its successful bid and regulatory approvals. Reliance Capital was under administration since November 2021 due to governance issues.
TaxTMI 
TaxTMI 
