Hinduja Group Eyes Loan for Reliance Capital Purchase: ₹4,000 Crore Secured? (Business Opportunities - Investment)
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Hinduja Group Eyes Loan for Reliance Capital Purchase: ₹4,000 Crore Secured? | |
The Hinduja Group, emerging victorious in the bidding war for debt-ridden Reliance Capital, is reportedly seeking a loan of ₹4,000 crore to partially finance the acquisition. Their discussions with non-banking financial company 360 One Prime (formerly IIFL Wealth Prime) could provide crucial funding for the deal. Total Funding Needs IndusInd International Holdings (IIHL), the holding company of the Hinduja Group, aims to secure a total of ₹8,000 crore for the Reliance Capital acquisition. However, securing funds hasn’t been smooth sailing. Credit funds, a potential source of financing, have reportedly demanded higher interest rates, posing pricing challenges for the Hinduja Group. Negotiations Ongoing While the ₹4,000 crore loan with 360 One Prime seems promising, it’s not a done deal yet. Negotiations are ongoing, and securing the remaining ₹4,000 crore remains crucial for the acquisition to proceed. Beyond the Loan The Reliance Capital deal signifies the Hinduja Group’s ambitious plans to expand its financial services portfolio. However, concerns regarding Reliance Capital’s debt burden and ongoing legal cases could impact the deal’s finalization. Looking Ahead The Hinduja Group’s ability to secure funding and navigate legal hurdles will determine the fate of the Reliance Capital acquisition. This deal has significant implications for both companies and the wider Indian financial landscape. | |
| Target State: All States Target City : All Cities Last Update : 15 February 2024 9:20 AM Number of Views: 79 | Item Owner : Atom News Contact Email: (None) Contact Phone: (None) |
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2024-12-22 (0.385 sec)