IndusInd International Holdings Limited (IIHL) is set to acquire Anil Ambani’s debt-laden company Reliance Capital by February 26, 2025, following the National Company Law Tribunal’s (NCLT) approval of the company’s request, according to a report.
During a recent hearing, IIHL confirmed the submission of all definitive documents and the achievement of financial closure necessary for implementing the resolution plan for Reliance Capital, as reported by PTI citing informed sources.
The NCLT has accepted IIHL’s plea to achieve financial closure by the specified date. The next hearing is scheduled for February 26, 2025, to finalize the implementation of the approved resolution plan and facilitate the transfer of control of Reliance…
