Kolkata, March 19 -- IndusInd International Holdings Chairman Ashok Hinduja has said with the acquisition of Reliance Capital, IndusInd International Holdings Ltd (IIHL) is targeting a valuation of USD 50 billion by 2030.
He announced on Tuesday that the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company, according to a media statement here on Wednesday.
IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday.
Mauritius-based IIHL emerged as the successful suitor with a bid of Rs 9,650 crore for the resolution of Reliance Capital (RCAP). Later...