RBI Clears Resolution Plan For Debt-Ridden Reliance Capital

The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, to acquire the company.

The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital.

The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, to acquire the company.

This is to inform you that the Administrator of Reliance Capital Limited is in receipt of "No objection" vide letter dated November 17, 2023, from the Reserve Bank of India, the company said in a regulatory filing.