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IndusInd International Holdings Limited (IIHL) Finalizes Acquisition of RCAP for Rs. 9,650 Crore.

Banking & Finance | Dated: 21 Mar 2025

In March 2025, Mumbai (Maharashtra)-based IndusInd International Holdings Limited (IIHL) successfully completed the acquisition of Mumbai (Maharashtra)-based Reliance Capital Limited (RCAP) for Rs. 9,650 crore.

🎯 Key Highlights:

  • - The acquisition was finalized by transferring the bid amount to lenders under the Insolvency and Bankruptcy Code (IBC), with the business value estimated at approximately Rs. 20,000 crore based on conservative assessments.
  • - IIHL has received the necessary regulatory approvals from the RBI, Insurance Regulatory and Development Authority of India (IRDAI), and relevant stock exchanges.

💡 Other Important Facts:

  • (i) The acquisition aims to expand IIHL's footprint in India’s Banking, Financial Services, and Insurance (BFSI) sector, with a focus on long-term value creation.
  • (ii) The acquisition process follows IIHL's successful bid in April 2023 under the Corporate Insolvency Resolution Process (CIRP), which was initiated by the Reserve Bank of India (RBI) due to financial irregularities in the Anil Ambani-led Reliance Group.

📚 Test Your Knowledge:

What is the estimated business value of Reliance Capital Limited (RCAP) after its acquisition by IndusInd International Holdings Limited (IIHL)?

Correct Answer: 20,000 crore

🚀 Quick Recap: