CosmicTaco

IndusInd Completes Reliance Capital Acquisition, Plans Major Rebranding

CosmicTaco · 2025-03-19T10:31:00.257028+05:30

- Today, IndusInd International Holdings Ltd (IIHL) announced the completion of its acquisition of Reliance Capital, marking the end of a three-year resolution process. - IIHL transferred Rs 9,650 crore to the escrow account, with an additional Rs 200 crore to bolster Reliance Capital's solvency. - The new management plans to divest many of Reliance Capital's 39-40 subsidiaries, retaining key entities like broking and asset reconstruction. - IIHL aims to list Reliance's insurance arms within two years and rebrand them, removing the 'Reliance' name. - The acquisition is part of IIHL's strategy to expand its presence in the BFSI sector, ensuring job retention and restructuring where necessary. Source: [Times Now News](https://www.timesnownews.com/business-economy/companies/reliance-capital-acquisition-finalised-indusinds-iihl-takes-charge-of-anil-ambanis-firm-after-3-year-battle-article-119188811), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/will-keep-reliance-capitals-key-entities-as-most-are-shell-companies-hinduja/articleshow/119186333.cms)

Today, IndusInd International Holdings Ltd (IIHL) announced the completion of its acquisition of Reliance Capital, marking the end of a three-year resolution process.
IIHL transferred Rs 9,650 crore to the escrow account, with an additional Rs 200 crore to bolster Reliance Capital's solvency.
The new management plans to divest many of Reliance Capital's 39-40 subsidiaries, retaining key entities like broking and asset reconstruction.
IIHL aims to list Reliance's insurance arms within two years and rebrand them, removing the 'Reliance' name.
The acquisition is part of IIHL's strategy to expand its presence in the BFSI sector, ensuring job retention and restructuring where necessary.

Source: Times Now News, The Times Of India