Hinduja Group's IIHL buys 60% stake in Invesco India Asset Management
This is the second major deal by IIHL in recent times as its bid for acquisition of Reliance Capital and its subsidiaries was recently approved by NCLT.
This is the second major deal by IIHL in recent times as its bid for acquisition of Reliance Capital and its subsidiaries was recently approved by NCLT.
IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, had submitted the highest bid of ₹9,650 crore to take over debt-ridden Reliance Capital
The RBI on October 11 gave approval to SBI Mutual Fund to acquire 9.99% of the paid-up share capital in IndusInd Bank.
Hinduja group firm IndusInd International Holdings will also use capital to fund its proposed acquisition of Reliance Capital.
The stock price got a boost amid a report that Hinduja Group may increase its stake in IndusInd Bank to 26% from the existing 16.51%.
The NCLT has asked to the lenders to delay the new auction for completing the hearing.
Ashok Leyland share price rose 5.03% to hit a 52-week high of ₹161.75 on the BSE after the Hinduja Group company bagged an order for 1,400 school buses in the UAE.
His efforts to push the banking sector forward and embrace the evolving demands of HNWIs promise hugely consequential returns—for our planet and for all the people that inhabit it.
Focus on infra, housing, financial services, labour reforms welcome; but concerns remain on corporate tax, ability to meet disinvestment target.