Key Points
The Hinduja group sees its banking, financial services and insurance (BFSI) business reach a valuation of $35 billion to $40 billion by 2030, Ashok Hinduja, Chairman of IndusInd International Holdings Ltd, said at a media interaction with him and his two brothers Gopichand Hinduja and Prakash Hinduja at their Carlton House Residence in London in the backdrop of the recent launch of their luxury hotel in London - Raffles London at the Old War Office...
IndusInd International Holdings Ltd (IIHL) is the the promoter company of Indusind Bank and has successfully bid for buying the debt-ridden Reliance Capital, the Anil Ambani-promoted financier undergoing bankruptcy resolution..
The Mauritius-based IIHL will grow into the BFSI sector to become a full-stack financial giant, Ashok Hinduja said...
In July, the committee of creditors approved Hinduja Group's bid of 9,650 crore for the acquisition of Reliance Capital, pending court and regulatory approvals..
Brookfield, Cerberus, and Deutsche Bank have submitted term sheets to the Hinduja Group for financing the acquisition of Reliance Capital, ET has reported..
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Hinduja Group likely to invest Rs 10,000 crore in IndusInd Bank; raise stake from 17% to 26%: Report
24, Jun, 23Hinduja Group is in talks to increase its stake in IndusInd Bank with an investment of INR 10,000 crore. The deal is expected to be completed by the second half of FY24. The Reserve Bank of India may approve the group's request to hike IndusInd Bank's stake to 26%, which led to a more than 3% increase in the bank's shares in Friday's trade. At present, the lender's promoters own 16.51% stake in the bank while IndusInd International Holdings and IndusInd Ltd own 12.585% and 3.92%, respectively.