by AIP Online Bureau | Mar 12, 2025 | Indian News, Life, Non-Life, Regulation
The procedural documentation and filings for the last leg of the transaction for the remaining Rs 4,500 crore is under process. However, due to the upcoming banking holidays, a seven-day extension was considered appropriate by all parties Mumbai: The National Company...
by AIP Online Bureau | Feb 26, 2025 | Health, Indian News, Life, Non-Life, Regulation
An IIHL spokesperson said that IIHL voluntarily offered to release Rs 2,750 crore in equity capital into Reliance Capital’s account to demonstrate its commitment to completing the transaction. The tribunal accepted the proposal Reliance Capital has three...
by AIP Online Bureau | Oct 16, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
Earlier, state-owned bank Central bank said it has been declared as the successful bidder by the Committee of Creditors (CoC) for the sale of Category 1 assets of FEL in Future Generali India Life Insurance Company and Future Generali India Insurance Company . New...
by AIP Online Bureau | Aug 25, 2024 | Banking & Bancassurance, Health, Indian News, Life, Non-Life, Regulation
The committee of creditors (CoC) has expressed concerns that bankers to IndusInd International Holdings Ltd (IIHL) have imposed numerous conditions for offering Rs 7,300 crore debt and some of these conditions can only be met by IIHL after the resolution plan has been...
by AIP Online Bureau | Aug 19, 2024 | Indian News, Life, Non-Life, Risk Management
According to sources close to the development, the brand Reliance is 50:50 jointly owned by Mukesh Ambani and Anil Ambani, and the same can not be allowed to be used by any other company or individual. ADAVPL, in its application, has also argued that the company was...
