IIHL's Rs 5,600 crore payment paves way for Reliance Capital acquisition

Quick Summary:

Need More Information - write to us at assist@bsmail.

The payment comes ahead of a scheduled hearing on March 12 at the National Company Law Tribunal (NCLT) in Mumbai.

In an earlier hearing, the NCLT had instructed lenders and the monitoring committee to resolve all procedural formalities by March 12 to facilitate the ownership transfer.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: IndiaMaliMauritius

Topics: Rs 5600 crore payment Indian banking sector updates Financial sector acquisitions India Corporate debt resolution Ashok Hinduja IIHL IIHL lenders payment Reliance Capital monitoring committee IIHL financial transaction Reliance Capital ownership transfer NCLT March 12 hearing NCLT Reliance Capital hearing Reliance Capital deal National Company Law Tribunal Mumbai IIHL Mauritius-based firm Reliance Capital lenders settlement IndusInd International Holdings Reliance Capital resolution process IIHL Reliance Capital acquisition

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 19:26:42 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 105 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26893656

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 251 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions