IndusInd International Holdings Ltd plans to raise ₹3,000 crore via NCDs for Reliance Capital acquisition.
IndusInd International Holdings Ltd (IIHL), part of the Hinduja Group, plans to raise ₹3,000 crore through non-convertible debentures (NCDs) to help fund its acquisition of Reliance Capital, which is under financial distress. The 3.5-year NCDs are set to open for subscription next week. IIHL has already deposited ₹2,750 crore as an equity component. The National Company Law Tribunal approved IIHL's ₹9,650-crore takeover plan on February 27, 2024.
September 09, 2024
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