Page 3 - Indusind
RCap Administrator submits name of IIHL as successful bidder for NCLT's nod
Debt-ridden Reliance Capital on Wednesday said the RBI-appointed administrator has submitted the name of IndusInd International Holdings Limited (IIHL) as a successful bidder to National Company Law Tribunal (NCLT) for consideration. It is to be noted that the Committee of Creditors (CoC) has voted in the favour of resolution plan submitted by Hinduja Group company IIHL. IIHL has made the highest cash offer of Rs 9,661 crore in the second round of the auction held on April 26. The administrator has filed an application under Section 30 (6) of the Insolvency and Bankruptcy Code, 2016, for submission of the resolution plan of IIHL as approved by the Committee of Creditors of Reliance Capital Limited, with the Adjudicating Authority National Company Law Tribunal (NCLT), Mumbai Bench, RCap said in a regulatory filing. The Reserve Bank of India (RBI) on November 29, 2021, superseded the board of Reliance Capital in view of payment defaults and serious governance issues. The RBI appoint
 "RCap Administrator submits name of IIHL as successful bidder for NCLT's nod")
IIHL to raise $1.5 bn to fund RCap buy, increase holding in IndusInd Bank
Referring to Reliance Capital's acquisition, IIHL said the administrator of the company had issued the duly signed letter of intent
 "IIHL to raise $1.5 bn to fund RCap buy, increase holding in IndusInd Bank")
IIHL approves capital raising of up to $1.5 bn for strategic objectives
IIHL is likely to be listed by 2024 which would give trading options to its shareholders who have been with the company for over three decades
IndusInd Bank says all dues cleared by ZEEL, NCLAT disposes of appeal
The tribunal has asked both parties to pay the cost of the interim resolution professional for the period the case was under the resolution process
 "IndusInd Bank says all dues cleared by ZEEL, NCLAT disposes of appeal")
Amid lukewarm response IndusInd, Torrent, Oaktree bid for Reliance Cap
Piramal, Zurich Insurance, Advent bid for general insurance arm
 "Amid lukewarm response IndusInd, Torrent, Oaktree bid for Reliance Cap")
Zee approaches NCLT for dismissal of IndusInd bank's insolvency plea
IndusInd Bank had moved NCLT claiming default of Rs 83.08 crore against the media & entertainment firm.
 "Zee approaches NCLT for dismissal of IndusInd bank's insolvency plea")
IndusInd Bank raises Rs 2,800 crore debt capital through bonds
IndusInd Bank stock traded at Rs 1150.50 apiece on BSE, down 2.12 per cent from previous close.
Vistara partners with IndusInd Bank to launch co-branded credit card
The credit card will offer various benefits such as a complimentary business class ticket, membership of the airline's frequent flyer programme and lounge access
 "Vistara partners with IndusInd Bank to launch co-branded credit card")
IndusInd Bank's net advances jump to Rs 2.11 trn at end of June 2021
Shares of IndusInd Bank gained over 1 per cent to close at Rs 1,020.20 apiece on BSE.
 "IndusInd Bank's net advances jump to Rs 2.11 trn at end of June 2021")
UBS sells IndusInd Bank shares worth over Rs 366 crore on the open market
UBS Principal Capital Asia Ltd on Friday sold nearly 4 million (40 lakh) shares of IndusInd Bank Ltd
IndusInd Bank's Q4 a mixed bag: NII up 45%; pre-tax profit falls 22%
Net interest income up 45% YoY; pre-tax profit falls 22%
 "IndusInd Bank's Q4 a mixed bag: NII up 45%; pre-tax profit falls 22%")
Moody's puts IndusInd Bank's issuer ratings on review for downgrade
Moody's revises outlook for ICICI Bank and Axis Bank to negative
Grow or die: Churn, disruption and agility are key takeaways of the decade
Churn, disruption and agility are the key takeaways of the decade
 "Grow or die: Churn, disruption and agility are key takeaways of the decade")
IndusInd Bank Q1 net up 26% at Rs 661.38 cr
Higher net interest income at Rs 1,356.42 cr contributes to the rise
 "IndusInd Bank Q1 net up 26% at Rs 661.38 cr")
