Acquisition History / IndusInd International Holdings (Hinduja Group) / Reliance Capital
IndusInd International Holdings (Hinduja Group) Acquires Reliance Capital
Announced February 27, 2024 — $1.09B
What happened
The NCLT approved Hinduja Group vehicle IndusInd International Holdings' Rs 9,650 crore resolution plan for Anil Ambani's Reliance Capital under the insolvency code. Reliance Capital held general and life insurance, broking and lending businesses; IIHL later moved to delist and privatise the company.
- Target
- Reliance Capital
- Announced
- February 27, 2024
- Price
- $1.09B
- Industry
- Financial services holding company
- Buyer type
- Holding company
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did IndusInd International Holdings (Hinduja Group) acquire Reliance Capital?
IndusInd International Holdings (Hinduja Group) acquired Reliance Capital on February 27, 2024. This was IndusInd International Holdings (Hinduja Group)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did IndusInd International Holdings (Hinduja Group) pay for Reliance Capital?
IndusInd International Holdings (Hinduja Group) paid $1.09B for Reliance Capital.
What does Reliance Capital do?
The NCLT approved Hinduja Group vehicle IndusInd International Holdings' Rs 9,650 crore resolution plan for Anil Ambani's Reliance Capital under the insolvency code. Reliance Capital held general and life insurance, broking and lending businesses; IIHL later moved to delist and privatise the company.
What other Financial services holding company companies has IndusInd International Holdings (Hinduja Group) acquired?
Reliance Capital is IndusInd International Holdings (Hinduja Group)'s only publicly tracked acquisition in Financial services holding company so far.