IIHL to wrap up RCap deal by Jan 2025, say Hindujas
Financial Express Delhi|December 16, 2024
An additional amount by way of debt of ₹3,000 crore has already been raised and kept in a separate account, pending closure of certain activities.

The debt of ₹4,300 crore is ready for disbursement upon delisting of RCap shares from the stock exchanges.

The administrator and the CoC have to complete certain procedural formalities such as delisting of equity and non-convertible debentures (NCD), creation of trust for transfer of excluded assets, capital reduction, release of all charges on assets of RCap. These steps are expected to take around four to six weeks.

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