IndusInd International Holdings Ltd (IIHL), the Hinduja Group company that submitted the resolution plan, said it has received all regulatory approvals, including from the Department for Promotion of Industry and Internal Trade (DPIIT), to complete the acquisition.
"The administrator and the committee of creditors (CoC) have to complete certain procedural formalities such as delisting of equity and non-convertible debentures, creation of trust for transfer of excluded assets, capital reduction, release of all charges on assets of Reliance Capital etc. This will take around four-six weeks. Hence, the actual takeover and deal will be closed by the end of January 2025," group chairman Ashok Hinduja told reporters.
Esta historia es de la edición December 16, 2024 de Hindustan Times Lucknow.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 16, 2024 de Hindustan Times Lucknow.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
From 2025, NTA not to hold recruitment tests
The National Testing Agency (NTA) will, from 2025, conduct only entrance exams for higher education institutions and not recruitment exams, a move aimed at improving its functioning and in keeping with the recommendations of a high-level committee set up in June 2024.
MOVE AGAINST FEDERALISM, WILL ALTER BASIC STRUCTURE: OPPN
NEW DELHI: Opposition leaders on Tuesday launched a scathing attack on the bills introduced in the Lok Sabha that propose simultaneous elections to the Lower House and state assemblies, arguing that the legislation undermines federalism, violates the Constitution's basic structure, was introduced without adequate consultation with states and envisions an impractical scenario.
China building villages near Doklam in Bhutan: Sat data
NEW DELHI: China has built at least 22 villages and settlements over the past eight years within territory that has traditionally been part of Bhutan, with eight villages coming up in areas in proximity to the strategic Doklam plateau since 2020, according to satellite imagery.
U.P. govt presents 2nd supplementary budget of ₹17865.72 crore
The UP government on Tuesday presented its second supplementary budget of Rs 17865.72 crore for 2024-2025, including additional provisions for sprucing up the energy sector, making Prayagraj Mahakumbh secure and magnificent, creating development infrastructure, providing additional funds for maintenance of cows and ensuring the sanctity of examinations.
MOVE AGAINST FEDERALISM, WILL ALTER BASIC STRUCTURE: OPPN
Opposition leaders on Tuesday launched a scathing attack on the bills introduced in the Lok Sabha that propose simultaneous elections to the Lower House and state assemblies, arguing that the legislation undermines federalism, violates the Constitution's basic structure, was introduced without adequate consultation with states and envisions an impractical scenario.
'OTT IS NOW ABOUT STARS, COMEBACKS'
Actor Divya Dutta speaks about how good writing and good casting is the star for her, irrespective of the medium
Zakir Hussain matlab tabla: Pandit Hariprasad Chaurasia on Ustad's death
Pandit Hariprasad Chaurasia, the legendary classical flautist and music director, is unable to believe that Ustad Zakir Hussain has passed away at \"such a young age,\" he tells HT City.
When Chay flew to Mumbai
Following their wedding on December 4, actor-couple Naga Chaitanya and Sobhita Dhulipala have opened up about their relationship for the first time.
'OTT IS NOW ABOUT STARS, COMEBACKS'
Actor Divya Dutta speaks about how good writing and good casting is the star for her, irrespective of the medium
When Chay flew to Mumbai
Following their wedding on December 4, actor-couple Naga Chaitanya and Sobhita Dhulipala have opened up about their relationship for the first time.
