RCap lenders put Hinduja Group arm on deadline
Business Standard|April 29, 2024
Concerned over slow progress, the lenders to debtridden Reliance Capital (RCap) have asked the Hinduja Group outfit IndusInd International Holdings Ltd (IIHL), to expedite the process of obtaining necessary regulatory approvals and stick to the resolution plan deadline of May 27.

In a meeting held in Mumbai on Friday with the senior officials of IndusInd International Holdings', the lenders of RCap said the company has to make a payment of ₹9,650 crore to them by the said date, a source said.

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