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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Group firm IIHL had emerged as the highest bidder for Reliance Capital in the second round of the auction with an offer of over $1.1 billion.
The Hinduja Group is planning to secure Rs 7,300 crore ($873 million) through two rupee bond offerings to partly finance its acquisition of Reliance Capital, Bloomberg reported on Thursday, citing people familiar with the matter.
Last week, Barclays and 360 ONE—reportedly mandated as arrangers and underwriters for the issuance—started the syndication process to seek investors. The deal is likely to be closed in a month’s time, according to Bloomberg.
In November 2021, the Reserve Bank of India had initiated bankruptcy proceedings against Reliance Capital after the company defaulted on bonds totalling Rs 24,000 crore (over $2.5 billion). As part of …
Big AI moves in the Middle East this week, Saudi Arabia-backed LIV Golf files for bankruptcy and other updates.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
While the earnings have been encouraging, the real challenge lies in addressing the slowing deposit growth and leadership uncertainty.
