Reliance Capital has informed that in continuation of earlier disclosure dated February 28, 2024, pertaining to the approval of the resolution plan submitted by IndusInd International Holdings (IIHL or the Successful Resolution Applicant) in the corporate insolvency resolution process of Reliance Capital Limited (Company) by the Hon’ble National Company Law Tribunal, Mumbai bench (NCLT) vide its order dated February 27, 2024 (Approved Resolution Plan), and vide decision letter (No. 15/17/2024- FDI [E.300637238] dated December 12, 2024, the Government of India, through the Investment Division, Department of Economic Affairs, Ministry of Finance, has granted approval for the foreign direct investment component to be invested by IIHL in the Company -through its wholly owned subsidiary, IIHL BFSI (India) for the proposed acquisition of the Company in accordance with the Approved Resolution Plan and the provisions of the Insolvency and Bankruptcy Code, 2016.
The above information is a part of company’s filings submitted to BSE.
