IIHL to seal RCap buy by January, focus on growth: Ashok Hinduja

Hinduja confirmed that IIHL has secured all necessary regulatory approvals and completed the fund-raising process. The de-listing of Reliance Capital will begin shortly under the supervision of the administrator and the committee of creditors (CoC), with the transaction expected to close by January 2025. The liquidity from subsidiary divestments will enable Reliance Capital to pursue new opportunities.