Anil Ambani's company will be sold, new owner is ready!
Debt-ridden Anil Ambani's company reliance capital Limited (RCL) is going to get a new owner soon. Hinduja Group company IndusInd international Holdings Limited (IIHL) has successfully won the bid for the acquisition of reliance capital and this acquisition is expected to be completed by the end of february 2025.
What is the acquisition process?
Reliance Capital's lenders have approved IIHL's resolution plan. Apart from this, the National Company Law Tribunal (NCLT) has also approved IIHL's resolution plan. The reserve bank of india (RBI) has also approved IIHL to acquire reliance Capital. The acquisition is expected to be completed by 28 february 2025. Talking about the acquisition price, IIHL will pay Rs 9,650 crore for the acquisition of reliance Capital. Out of this, Rs 9,500 crore will be given to the lenders and Rs 150 crore will be given to the employees of reliance Capital. Let us tell you, reliance capital works in the field of financial services. The company has many types of businesses, including insurance, capital markets, non-banking financial services.
Anil Ambani is not happy
The acquisition of reliance capital is an important strategic move for IIHL. This will help IIHL to increase its presence in India's financial services market. reliance Capital's businesses complement IIHL's existing business. However, anil ambani has not yet commented on this acquisition. But, it is believed that he is not happy with this acquisition as it will cause him to lose control over his company.
Benefit to people associated with the company
The acquisition of reliance capital will impact the employees, shareholders and lenders of the company. Employees can expect job security and better pay. Shareholders can expect to get a fair price for their stake. Lenders can expect to recover their loans. This acquisition is a major event in indian corporate history. It remains to be seen how this acquisition shapes the future of reliance capital and IIHL.
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