BANKING

Lenders of debt-ridden Reliance Capital Limited (RCAP) are expected to recover upfront cash of Rs 9,661 crore from Hinduja Group firm IndusInd International Holdings Ltd (IIHL). The Hinduja Group made the highest cash offer and along with cash balance of RCAP resulting 65% recovery for the lenders . The resolution plan is expected to be filed in the National Company Law Tribunal (NCLT) Mumbai next week.

from Banking/Finance-Industry-Economic Times https://ift.tt/E8W3fNZ
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