CoC seeks funding plans for Hinduja acquisition of Reliance Capital

Quick Summary:

The Hinduja group did not comment on the issue.

As per the court filing, IIHL has signed binding agreements with Barclays Bank and 360 One for loans worth Rs 7,300 crore.

When contacted, a Hinduja source said the entire funding plan is in place and has already been submitted to the NCLT in a sealed envelope to prevent leakage of information.

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Category: BusinessFinance

Markets: IndiaMauritius

Topics: Hinduja Group Reliance Captial Reliance Industries Funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 17:57:01 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 511 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Business Standard

News ID: 21897873

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