NEWS UPDATE

IIHL emerges as sole bidder for Reliance Capital (RCap)

 

On April 27, 2023, IIHL, also the promoter of IndusInd Bank, was emerged as the sole bidder for the debt-ridden Reliance Capital (RCap), with a bid value of ₹9,650 crore. This offer was part of a second round of bidding initiated by RCap’s Committee of Creditors (CoC) after the initial auction results were disputed. IIHL emerged as the only company to submit a binding bid by the deadline for the second challenge mechanism process.

 

For further information, please contact:

Ms. Faye Joomun, manager & Head Investor Relations

IndusInd International Holdings Limited

+230 245 8000 / Faye@indusindinternational.com