Reliance Capital Ltd. News and Updates

Keep track of all breaking news on Reliance Capital Ltd. from all sources in a single place.

24 Mar 2025, 06:42PM

Reliance Cap's CoC withdraws plea against IIHL claiming interest

Business Line

The CoC of Reliance Capital has withdrawn a petition filed last year claiming 1,060 crore as interest payment from IndusInd International Holdings for delay in implementing its resolution plan in a time-bound manner.

Reliance Capital Ltd.

18 Mar 2025

IIHL completes acquisition of Reliance Capital, insurance units of debt-ridden firm to be listed in 2-3 years: Report

livemint

IIHL completes acquisition of Reliance Capital, insurance units of debt-ridden firm to be listed in 2-3 years

Reliance Capital Ltd.

18 Mar 2025

IIHL completes acquisition of RCAP; mgmt transfer to take place on Wed

Business Standard

IndusInd International Holdings Ltd (IIHL) has completed the transaction to acquire debt-ridden Reliance Capital (RCAP) by transferring the entire bid amount to lenders, IIHL chairman Ashok Hinduja said on Tuesday. The management transfer is likely to take place on Wednesday. "The transaction from our side is over. As we are speaking, money is moving from one escrow to another," Hinduja said while addressing the media here. The journey for value creation would now begin, he said, adding that the value of the Reliance Capital business on a conservative basis would be Rs 20,000 crore. IIHL would complete the review of the entire RCAP business and take a call on the fund infusion required, he said. With regard to subsidiaries, he said there are about 39-40 entities of Reliance Capital and the new management would divest many of them as they are mostly small shell entities with small businesses. The financial services firm has 1.28 lakh employees and the new management would protect

Reliance Capital Ltd.

11 Mar 2025

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

Business Standard

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

Reliance Capital Ltd.

26 Feb 2025

NCLT Asks Reliance Capital Lenders To Complete Procedural Issues By March 12

NDTV Profit

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.

Reliance Capital acquisition: NCLT gives March 12 deadline to creditors, IIHL to complete ownership transfer

Business Line | 26 Feb 2025

Reliance Capital Ltd.

11 Feb 2025

Reliance Capital acquisition: IIHL to acquire debt-ridden Anil Ambani's company by February 26. NCLT accepts IIHL's plea

livemint

Reliance Capital acquisition: IIHL confirmed the submission of all definitive documents and the achievement of financial closure necessary for implementing the resolution plan for Reliance Capital, a report said.

IIHL to acquire Reliance Capital by Feb 26, meeting scheduled for Tuesday

Business Standard | 10 Feb 2025

Reliance Capital Ltd.

23 Jan 2025

IIHL targets February 10 to close 9,650-crore Reliance Capital acquisition

Business Line

As part of the resolution process, RCap has made the necessary applications for delisting, which is anticipated to conclude by the end of the month

Delisting Reliance Cap one of last milestones towards acquisition: Hinduja

Business Standard | 22 Jan 2025 1 more

Reliance Capital Ltd.

15 Dec 2024

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

Business Standard

RCap subsidiaries to get listed by mid-2026, 2027

Reliance Capital Ltd.

26 Nov 2024

Hinduja Group seeks Rs 4,300 crore for Reliance Capital's second tranche

Business Standard

Hinduja Group seeks Rs 4,300 crore for Reliance Capital's second tranche, delays due to DPIIT approval; first tranche of Rs 3,000 crore raised in September via Barclays, 360 One

Reliance Capital Ltd.

21 Nov 2024

Hinduja Group's IIHL Gets Government Nod To Buy Reliance Capital

NDTV Profit

The approval was crucial as the Hinduja Group should close the transaction by the extended deadline of Jan. 31, 2025.

DPIIT gives nod to Hinduja Group firm IIHL for acquisition of RCAP

Business Standard | 21 Nov 2024

Is Reliance Capital Ltd. worth buying?

492 Votes:

Buy 71.14%

Sell 21.95%

Hold 6.91%