IIHL eyes valuation of $ 50 bn by 2030

IIHL is targeting a $50 bn valuation for its BFSI business by the year 2030. Chairman Ashok Hinduja announced this goal after they completed the process of acquiring RCAP. Mr Hinduja said this goal is based on a strategy of value creation through various initiatives, including that of listing the insurance companies in 2 years time.

Business Standard: May 6, 2024: IIHL sets sights on $50 bn valuation by 2030

Economic Times: May 6, 2024= IIHL may get Irdai nod for RCAP deal soon

Economic Times: May 6, 2024 = IndusInd Promoter Co to raise stake in bank to 20%

Financial Express: May 6, 2024 = Hindujas eye $50 bn BFSI valuation

Hindu Business Line: May 6, 2024 = Ready to conclude RCap deal post Irdai approval

Mint: May 7, 2024 = IndusInd promoter sees RBI approval for stake hike soon

PTI / ET Online: Oct 25, 203 = Hindujas eye $ 35-40 bn valuation of their BFSI portfolio

Times of India: May 6, 2024 = After Rcap buy, IndusInd eyes $ 50 bn BFSI valuation