Browsing Tag

Reliance Capital

IIHL to raise $1.5 bn to fund RCap buy, increase holding in IndusInd Bank

Kemal Pasha Jul 4, 2023

Hinduja group firm IndusInd International Holdings Ltd (IIHL), the promoter of IndusInd Bank, announced on Monday its plans to raise $1.5 billion (about Rs. 12,300 crore) to increase its stake in the lender to 26 per cent from…

Business

Reliance Capital Q4 net loss narrows to Rs 1,488 cr

Kemal Pasha May 29, 2023

Reliance Capital, a part of debt-ridden Anil Ambani-promoted Reliance Group on Saturday said its consolidated net loss narrowed to Rs 1,488 crore in the fourth quarter ended March 2023.The company posted a net loss of Rs 4,249 crore in the…

Business

Torrent Investments unlikely to participate in 2nd auction for Reliance Cap

Kemal Pasha Mar 26, 2023

Torrent Investments has reportedly informed lenders of Reliance Capital that it is unwilling to participate in the auction to sell the financial services company. This is likely to hurt the process to maximise returns…

Business