Key Points
MUMBAI: The administrator of Reliance Capital has filed the resolution plan given by the Hinduja group entity IndusInd International Holding, approved by lenders, with the National Company Law Tribunal, said people aware of the transaction...
Nageswara Rao Y, the Reserve Bank of India-appointed administrator, submitted a plan by IndusInd International Holding (IIHL), which offered Rs 9,660 crore...
On June 29, ET reported that 99.6% of lenders voted for IIHLs resolution plan..
In the first auction on December 21, Torrent Investments made the highest offer of Rs 8,640 crore, while the Hinduja Group entity offered Rs 8,110 crore..
However, within 24 hours, the Hinduja entity gave a revised, improved offer of Rs 9,000 crore, a development contested by Torrent..
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