https://www.taxtmi.com/news?id=37706 IIHL completed its acquisition of Reliance Capital by transferring the bid amount to lenders and will assume management control; it will review the business, decide on fund infusion, divest many small subsidiaries, and seek to protect employee interests while expanding its BFSI operations. The acquisition follows IIHL's selection as resolution applicant under the Corporate Insolvency Resolution Process and its securing of requisite regulatory approvals; Reliance Capital had been under an RBI-appointed administration due to governance lapses and payment defaults. en-us Tue, 18 Mar 2025 19:46:03 +0530 Tue, 18 Mar 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37706 IIHL completed its acquisition of Reliance Capital by transferring the bid amount to lenders and will assume management control; it will review the business, decide on fund infusion, divest many small subsidiaries, and seek to protect employee interests while expanding its BFSI operations. The acquisition follows IIHL's selection as resolution applicant under the Corporate Insolvency Resolution Process and its securing of requisite regulatory approvals; Reliance Capital had been under an RBI-appointed administration due to governance lapses and payment defaults. News - Tue, 18 Mar 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=37706