💨 Abstract
IndusInd International Holdings Ltd (IIHL) has completed the acquisition of debt-ridden Reliance Capital (RCAP) by transferring the bid amount to lenders. The transaction is set to be finalized on Wednesday. IIHL aims to expand its banking, financial services, and insurance (BFSI) portfolio with this acquisition. The new management plans to review the RCAP business, divest subsidiaries, and protect the interests of employees.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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