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Mauritius-based IndusInd International Holdings Limited (IIHL) has entered into an agreement with global investment management firm Invesco to acquire a 60% stake in its Indian unit IAMI which boasts more than $1.6 trillion in assets under management.
The crisis-ridden Reliance Capital Limited (RCL) on Wednesday announced that its shares might be delisted from stock exchanges as part of the approved resolution plan.
This is one of the conditions that the banking regulator stipulated while granting no objection to the transfer of management control of Reliance Capital to IIHL BFSI (India) – a wholly owned subsidiary of IIHL, according to a communication sent by the RBI to Reliance Capital and reviewed by ET.