Which business group's firm, IndusInd International Holdings Ltd (IIHL), has been approved by DPIIT to acquire Reliance Capital?

A)
Tata Group
B)
Hinduja Group
C)
Reliance Group
D)
Aditya Birla Group

Correct Answer :   Hinduja Group


The Hinduja Group's firm, IndusInd International Holdings Ltd (IIHL), has received approval from the Department for Promotion of Industry and Internal Trade (DPIIT) to acquire Reliance Capital for ?10,000 crore.

This approval marks a significant milestone in the resolution of Reliance Capital's financial troubles, which had led to the RBI's intervention in 2021. The acquisition is expected to be completed by January 31, 2025.

Published On : November 22, 2024