 "Delays Threaten IIHL’s Acquisition of Reliance Capital Amid Regulatory Hurdles")
Delays Threaten IIHL’s Acquisition of Reliance Capital Amid Regulatory Hurdles
Lenders to Reliance Capital Ltd have accused IndusInd International Holdings Ltd (IIHL) of delaying the resolution plan for the struggling financial firm. IIHL, which was approved to acquire Reliance Capital with a Rs 9,861-crore plan, has yet to receive necessary approval from the Department of Industrial Policy and Promotion (DIPP). This approval is needed because ...
