Bad news for Anil Ambani’s Reliance Capital Delisting. The company is being delisted from the Indian Stock Exchange.
Anil Ambani’s debt-ridden company Reliance Capital will now be listed on the Indian stock exchange. The company informed this information in an exchange filing today. The National Company Law Tribunal (NCLT) has approved the acquisition of Reliance Capital by the Hinduja Group.
IndusInd International Holdings Limited will be the new owner of Reliance Capital. In the ‘Insolvency Resolution’ process, NCLT gave a green signal to Hinduja Group company IndusInd International Holdings Ltd to buy Reliance Capital. IndusInd International Holdings submitted a resolution plan of Rs 9650 crore for Reliance Capital.
Reliance Capital announced in an exchange filing that it is considering delisting the existing equity shares of the company from the exchange under an approved resolution plan because the approved resolution plan envisages delisting the existing equity shares.
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