Current Affairs - Business - Discussion
Discussion Forum : Business - Latest Current Affairs (Q.No. 106)
106.
Which business group's firm, IndusInd International Holdings Ltd (IIHL), has been approved by DPIIT to acquire Reliance Capital?
Answer: Option
Explanation:
The Hinduja Group's firm, IndusInd International Holdings Ltd (IIHL), has received approval from the Department for Promotion of Industry and Internal Trade (DPIIT) to acquire Reliance Capital for ₹10,000 crore. This approval marks a significant milestone in the resolution of Reliance Capital's financial troubles, which had led to the RBI's intervention in 2021. The acquisition is expected to be completed by January 31, 2025.
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