Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

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Hindujas' RCap purchase hangs fire as deadline looms with payment on hold - Business Standard

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Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount.