Page 8 - Hinduja Group

Abu Dhabi funds, Hinduja group could invest in Adani firms' share sale

Shares worth up to Rs 29,000 crore of three group companies could be put up for sale

Ashok Leyland Q4 consolidated net up four-fold to Rs 803 cr

Revenue from operations up 33% to Rs 13,203 cr in Q4 of FY23

Patriarch Srichand Hinduja's death puts spotlight on $14 bn family feud

At stake is the direction for one of the world's biggest conglomerates that employs more than 200,000 people worldwide

Hinduja group patriarch Srichand P Hinduja passes away at 87 in London

In the '80s, the brothers were accused of taking commission from manufacturers of Bofors guns, a charge the high court rejected

Hinduja group chairman SP Hinduja dies at 87 in London: Family spokesperson

A family spokesperson conveyed the news and added that SP Hinduja was unwell for quite some time

Weekend Bites: Ambani & Ambani, and old white males

In which we munch over the week's platter of news and views

Reliance Cap lenders to meet on Friday to take call on Hinduja Group bid

Lenders of debt ridden Reliance Capital (RCap) will meet on Friday to take a call on Hinduja Group firm's bid to acquire the financial services firm. IndusInd International Holdings Ltd (IIHL), a Hinduja Group firm, emerged as the highest bidder with an offer of Rs 9,650 crore in the second round of bidding concluded on Wednesday. IIHL is slated to make a presentation to the lenders on its resolution plan on Friday, sources said. IIHL was the sole bidder in the second round of auction of Reliance Capital, as Torrent Investments and Oaktree decided not to participate in the auction. In addition to the Rs 9,650 crore bid, the IIHL has also offered Rs 300 crore capital infusion into Reliance General Insurance, and another Rs 50 crore for the items excluded under section 66 of the Insolvency and Bankruptcy Code, 2016 (IBC). This takes the total value of IIHL's bid to Rs 10,000 crore and it has expressed intent to pay entire bid amount upfront. The total value of IIHL's bid is around

Hinduja's offer to infuse Rs 300 cr more in Reliance General Insurance

Group's total bid increases to Rs 10,000 cr, will strengthen its presence in finance services if it wins Reliance Capital race

Hinduja lone bidder for RCap in second auction, offers Rs 9,650 cr

Upfront payment proposed; Torrent, Oaktree skip

Billionaire Hindujas' truce in doubt as lawyers say rift remains

The Hindujas last year had agreed to slam the brakes on copious litigation across Europe, putting on hold a feud that was tearing apart the once tightly knit British-Indian group

Hinduja Housing Finance to raise Rs 800 cr via capital bond, debentures

Maiden bond issue to diversify fund sourcing; seeks 30% growth YoY for 3 years

Reliance Capital resolution process deadline likely to be extended again

Deadline for resolution process ends on April 16; matter goes under litigation as one bidder moves court

At 23,926 units, Ashok Leyland reports 19% rise in sales in March 2023

Hinduja Group flagship Ashok Leyland has reported a 19 per cent rise in its sales in domestic and overseas markets at 23,926 units, the company said on Monday. The city-based heavy commercial vehicle maker had sold 20,123 units in the corresponding month of last year. Cumulative sales made by the auto major till March 2023 grew by 50 per cent to 1,92,205 units from 1,28,326 units sold in the corresponding period of last year, Ashok Leyland said in a statement. Total sales of medium, heavy and light commercial vehicles sold in March in the domestic market grew by 23 per cent to 22,885 units from 18,556 units sold in the same month of last year. Cumulative sales of medium, heavy and light commercial vehicles till March in the domestic market grew by 54 per cent to 1,80,916 units from 1,17,312 units made last year, the company said.

CoC of Reliance Capital decides to hold a second auction on April 4

The decision to hold a second auction was decided on Monday in a formal meeting of the CoC

RCap lenders in a fix as Hindujas retract revised Rs 8,950-crore offer

The revised Hinduja stand has put Indian lenders, with an exposure of Rs 24,000 crore, in a spot as it was the Hindujas offer which led to a call for second auction and litigation by the other bidder

All you need to know about the richest Indian families and their wealth

Aditya Birla Group, a family business and 7 generations old, has a presence in various sectors, including metals, financial services, and retail

NCLAT allows another round of bidding for bankrupt firm Reliance Capital

Torrent may move Supreme Court against rebidding

Delay in fund raising helped improve Switch valuation: Dheeraj Hinduja

Ashok Leyland, the flagship company of the Hinduja Group and commercial vehicle major, is all set to come out with the electric versions of light commercial vehicles Bada Dost and Dost this year

IndusInd Bank gains 5% as Hinduja looks to raise stake to 26% in lender

Hinduja group is planning to raise its stake in the private sector lender from 15 per cent to 26 per cent with an investment of Rs 10,000 crore

Hindujas to invest Rs 10,000 crore to raise stake in IndusInd Bank

The Hinduja group has also offered to take over Reliance Capital for Rs 9,000 crore, but its offer is facing litigation from its rival bidder Torrent