by AIP Online Bureau | May 19, 2024 | Indian News, Life, Non-Life, Regulation
The deadline for the transfer of Reliance Capital’s asset to Aasia Enterprises, a Hinduja Group company, ended on Friday, they added. It may be mentioned that May 27 also happens to be the deadline for the implementation of the resolution plan by the Hinduja...
by AIP Online Bureau | May 11, 2024 | Banking & Bancassurance, Health, Indian News, Non-Life, Regulation
Ashok Hinduja, chairman, IndusInd International Holdings Limited , The IRDAI’s clearance for the deal has come now and with the IRDAI’s approvals in place, it is possible to stick to the earlier dead line of May 27 for the completion of acquisition of RCL,...
by AIP Online Bureau | May 7, 2024 | Health, Indian News, Life, Non-Life, Regulation
Hinduja Group has now submitted a new plan changing the entire corporate structure of the transaction for the implementation of the resolution plan which again has been submitted to all the regulators for their fresh approvals Mumbai/Hyderabad In a bid to...
by AIP Online Bureau | Apr 28, 2024 | Indian News, Life, Non-Life, Regulation
According to the sources, the lenders expressed concerns over the slow progress towards the implementation of RCAP resolution plan, as IIHL is yet to receive the crucial IRDAI approval on the resolution plan.The IRDAI has raised multiple queries and concerns over the...
by AIP Online Bureau | Feb 28, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation, Wealth Management/ Philanthropy
“The liquidation value of the equity shareholder of RCL (Reliance Capital) is nil and hence, equity shareholders will not be entitled to receive any payment and no offer will be made to any shareholder of RCL,” according to an exchange filing by RCL Mumbai: Hinduja...
