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flag IndusInd International Holdings acquires Reliance Capital for ₹9,650 crore to expand financial services.

flag IndusInd International Holdings Ltd (IIHL) has finalized the acquisition of debt-ridden Reliance Capital (RCAP) for ₹9,650 crore, aiming to expand its financial services portfolio. flag The acquisition was approved through the Corporate Insolvency Resolution Process (CIRP) and secured all necessary regulatory approvals. flag IIHL plans to review Reliance Capital's business units, focusing on broking and asset reconstruction, and list its insurance units within 2-3 years. flag The debt for the acquisition will be repaid through an IPO, with rebranding expected in 6-9 months.

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