Hinduja gets NCLT approval to acquire Anil Ambani’s Reliance Capital
IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, had submitted the highest bid of ₹9,650 crore to take over debt-ridden Reliance Capital
IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, had submitted the highest bid of ₹9,650 crore to take over debt-ridden Reliance Capital
In the past three months, the share price has nearly doubled from ₹16.3 to ₹33.10 level.
The NCLT has asked to the lenders to delay the new auction for completing the hearing.
Anil Ambani’s R-Infra files an international arbitration claim worth ₹13,400 cr against Adani Transmission before Mumbai Centre for International Arbitration.
Reliance Power to sell a 15% stake in the company to VFSI Holdings at an issue price of ₹15.55 per share, aggregating to ₹933 crore.
Reliance Infrastructure and Reliance Power nosedived up to 9% in tandem with a 0.8% fall in the BSE Sensex.
Anil Ambani stepped down from the boards of directors of both Reliance group companies after SEBI banned him from associating with any listed company.
The share of this Anil Ambani Group company has rallied despite reporting net losses in the last four quarters.
Any restraint imposed on Anil Ambani in the SEBI order shall not come in the way of resolution or revival plan that has been or will be approved.
More than 56% of the 1,942 listed companies in India generated a positive CAGR between 2010 and 2019.