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NFRA slaps fines on auditors for lapses of Reliance Capital
A fine of Rs 3 cr has been imposed on Pathak H D & Associates, Rs 1 cr on Parimal Kumar Jha and Rs 50 lakh on Vishal D Shah
Reliance Capital net loss at Rs 239 cr
New Delhi: Reliance Capital on Wednesday reported a consolidated net loss of Rs 239 crore for the quarter ended September 30, 2023-24. It had posted a...
IRDAI’s denial raises doubts over funding sources
Hinduja Group-led IIHL proposed to raise funds for Reliance Capital acquisition by pledging shares of Reliance General Insurance (RGIC) and Reliance...
IIHL gets Rs. 50k-cr funding offer for RCap acquisition
Some of leading banks, financial institutions who have extended commitment letters to IIHL are JP Morgan, Standard Chartered Bank, Barclays, Apollo...
IIHL receives Rs 50,000 cr financial offers from overseas lenders for...
The Hinduja Group arm, IndusInd International Holding Ltd. (IIHL), which emerged the highest bidder for Reliance Capital in the recently concluded...
Hinduja group offers to infuse Rs.300 cr in Reliance General
The insurer had sought Rs 600 cr cash infusion from lenders in Dec last year to meet solvency requirements of the IRDA
Reliance Capital resolution deadline extended to July 16
The 90 days deadline extension was necessitated as the lenders decided to hold a second round of auction on April 26 in order to maximise the recovery...
RCap resolution process deadline may be extended
Considering the fact that the 2nd round of auction is yet to take place, it is not possible to wrap up the resolution process within the current...
