IIHL's takeover of Reliance Capital set to complete by January end

Show Business and Finance Publications

Tue, December 17, 2024

[ Tue, Dec 17th 2024 ]: Techzim

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[ Tue, Dec 17th 2024 ]: Reuters

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[ Tue, Dec 17th 2024 ]: Wall Street Journal

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[ Tue, Dec 17th 2024 ]: MSN

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[ Tue, Dec 17th 2024 ]: The New York Times

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[ Tue, Dec 17th 2024 ]: Business Standard

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[ Tue, Dec 17th 2024 ]: Business Standard

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[ Mon, Dec 16th 2024 ]: Business Standard

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[ Mon, Dec 16th 2024 ]: Yahoo

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[ Mon, Dec 16th 2024 ]: Reuters

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[ Mon, Dec 16th 2024 ]: Business Today

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[ Mon, Dec 16th 2024 ]: moneycontrol.com

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[ Mon, Dec 16th 2024 ]: Business Standard

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[ Mon, Dec 16th 2024 ]: The Age

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[ Mon, Dec 16th 2024 ]: Forbes

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Sun, December 15, 2024

[ Sun, Dec 15th 2024 ]: Firstpost

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[ Sun, Dec 15th 2024 ]: bnnbloomberg

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[ Sun, Dec 15th 2024 ]: Sydney Morning Herald

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[ Sun, Dec 15th 2024 ]: moneycontrol.com

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[ Sun, Dec 15th 2024 ]: The Globe and Mail

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[ Sun, Dec 15th 2024 ]: The New Zealand Herald

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[ Sun, Dec 15th 2024 ]: Couriermail

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[ Sun, Dec 15th 2024 ]: The Age

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[ Sun, Dec 15th 2024 ]: Business Line

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[ Sun, Dec 15th 2024 ]: The Financial Express

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[ Sun, Dec 15th 2024 ]: Forbes

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[ Sun, Dec 15th 2024 ]: Business Insider

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[ Sun, Dec 15th 2024 ]: Seattle Times

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[ Sun, Dec 15th 2024 ]: USA Today

The Advocate's 20 Under 40 honorees focus on education to take advantage of opportunities

[ Sun, Dec 15th 2024 ]: Detroit News

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[ Sun, Dec 15th 2024 ]: The Straits Times

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[ Sun, Dec 15th 2024 ]: Daily Express

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[ Sun, Dec 15th 2024 ]: Zee Business

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[ Sun, Dec 15th 2024 ]: Business Standard

IIHL's takeover of Reliance Capital set to complete by January end

[ Sun, Dec 15th 2024 ]: MSN

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[ Sun, Dec 15th 2024 ]: Wales Online

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[ Sun, Dec 15th 2024 ]: Post and Courier

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[ Sun, Dec 15th 2024 ]: Reuters

South Korea vows to keep markets stable after Yoon's impeachment

[ Sun, Dec 15th 2024 ]: Yahoo Finance

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[ Sun, Dec 15th 2024 ]: MSN

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[ Sun, Dec 15th 2024 ]: businesstech.co.za

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[ Sun, Dec 15th 2024 ]: The Motley Fool

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[ Sun, Dec 15th 2024 ]: Business Times

South Korea's acting president moves to reassure allies, calm markets after impeachment

[ Sun, Dec 15th 2024 ]: Arabian Business

Riyadh Metro to open Red and Green lines from Sunday, December 15

[ Sun, Dec 15th 2024 ]: The Daily Telegraph

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[ Sun, Dec 15th 2024 ]: Yahoo Finance

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Sat, December 14, 2024

[ Sat, Dec 14th 2024 ]: Goodreturns

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[ Sat, Dec 14th 2024 ]: Couriermail

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[ Sat, Dec 14th 2024 ]: AOL

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[ Fri, Dec 13th 2024 ]: CBS News

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IIHL's takeover of Reliance Capital set to complete by January end

//business-finance.news-articles.net/content/202 .. ance-capital-set-to-complete-by-january-end.html

Published in Business and Finance on Sunday, December 15th 2024 at 7:40 GMT by Business Standard
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

With the acquisition of Reliance Capital and its subsidiaries, IIHLâ€”which holds a stake in IndusInd Bank and is also in the process of acquiring Invesco Asset Management and Invesco Trusteeâ€”is targeting a valuation of $50 billion by 2030.

The article from Business Standard discusses the impending completion of the takeover of Reliance Capital by IndusInd International Holdings Ltd (IIHL) by the end of January 2024. The takeover, which has been in process since the National Company Law Tribunal (NCLT) approved the resolution plan in February 2023, involves IIHL infusing Rs 9,650 crore into Reliance Capital. This financial injection aims to settle the company's debts and fund its operations. The deal has faced several delays due to regulatory approvals and legal challenges, but recent developments indicate that all necessary clearances are now in place, paving the way for the transaction to close soon. The takeover is significant as it will help Reliance Capital, which has been under insolvency proceedings, to restructure and potentially revive its business operations.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/companies/news/iihl-s-takeover-of-reliance-capital-set-to-complete-by-january-end-124121500443_1.html ]

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