iihl

The administrator of debt-laden Reliance Capital accused Hinduja Group's iihl of failing to meet conditions set by NCLT, as iihl allegedly deposited money in its own accounts instead of designated escrow accounts. iihl denied the claims, citing a lack of provided escrow terms. The hearing on iihl's plea is set for next week.

IndusInd Bank has said its promoter iihl has completed its rights issue, which was oversubscribed at over Rs 2,021 crore.

The market regulator Sebi has approved Hinduja Group's IndusInd International Holdings to acquire Invesco AMC's portfolio management services business. This marks a key step towards iihl's 60 percent acquisition of Invesco AMC, leaving only one regulatory approval remaining. iihl already has clearance from the Competition Commission of India and is set to complete the transaction soon.

Mauritius-registered IndusInd International Holdings (iihl), promoter of IndusInd Bank, has approved a capital raise of $1.5 billion to fund its stake increase in the bank and acquire Reliance Capital (RCap).

The Insurance Regulatory and Development Authority of India has given approval for a third Indian investor to hold 26% in Reliance Nippon Life, Reliance General, and Reliance Health insurance companies. This move paves the way for IndusInd International Holdings (iihl) to acquire Reliance Capital.

Reliance General Insurance, now under IndusInd International Holdings Ltd (iihl), has reported a strong financial year, with net profit rising 12.5% to Rs 315 crore. Gross Direct Premium increased by 7.4%, surpassing the industry's growth. Following its acquisition through insolvency, iihl injected Rs 100 crore to bolster the insurer's position.

Hinduja Group acquires majority stake in Invesco's India mutual fund unit amid Jio Financial Services-BlackRock JV's market disruption. Court approves Hinduja's Reliance Capital purchase. iihl owns diverse assets.

Hinduja Group's IndusInd Bank is expected to get a capital boost from promoters by Thursday after a successful rights issue in which they have raised Rs 2,021.45 crore.

The truck assembly and bus body building unit would be set up through Indian flagship Ashok Leyland.

The NCLAT order came on a petition filed by Vistra ITCL (India), one of the lenders of Anil Ambani-promoted Reliance Capital, challenging an order of NCLT which restricted further auction of the bankrupt firm.

Construction of individual household latrines (IHHLs) has improved substantially in rural areas since the launch of Swachh Bharat Mission (SBM), government data shows.

Hinduja promoted Ashok Leyland has reduced its stake in IndusInd Bank to RBI stipulated 10%. It sold around 2.89% to Credo Capital at Rs 46.06 a share.

Jairam said the availability of a toilet at the groom’s home should be made a prerequisite to marriage. “Don’t get married into a house where there is no toilet,” he said .

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