Page 2 - Hinduja Group

Hinduja group did not deposit funds for RCap acquisition: Administrator

No default by us, says IIHL

Funds not deposited by IIHL for bankrupt Reliance Capital buy: CoC

IIHL denies any default in payment to lenders

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

The developments came just a day before the July 31 deadline to pay the equity amount

From Ambanis to Hindujas: Top 10 most extravagant weddings of all time

According to media reports, the estimated costs of these weddings start from Rs 100 crore and go up to Rs 700 crore

Swiss court clears Hinduja family members of human trafficking charges

The complainants in the case withdrew their allegations, stating in court that they had been misled into signing statements they did not even understand

Who are UK's billionaire Hindujas? Why were they jailed by Swiss Court?

Ajay Hinduja, his parents, and his wife Namrata were found guilty of exploiting their domestic staff in their Swiss villa overlooking Lake Geneva

Hindujas appeal against Swiss court's jail term order for exploiting staff

Britain's wealthiest family, the Hindujas, on Friday said they were appalled by a Swiss court's ruling of jail terms for some members in Geneva and that an appeal has been filed in a higher court challenging the verdict finding them guilty of exploiting vulnerable domestic workers. In a statement issued on behalf of the family, lawyers from Switzerland stressed their clients Prakash and Kamal Hinduja, both in their 70s, and their son Ajay and his wife Namrata had been acquitted of all human trafficking charges. They also dismissed media reporting that any members of the family faced detention after court reports from Geneva said the four were sentenced to between four and four-and-a-half years in prison. Our clients have been acquitted of all human trafficking charges. We are appalled and disappointed by the rest of the decision made in this court of first instance, and we have of course filed an appeal to the higher court thereby making this part of the judgement not effective, ..

Swiss court jails 4 Hinduja family members for exploiting domestic staff

A Swiss criminal court on Friday sentenced four members of the wealthy Hinduja family with between four and 4 1/2 years in prison for exploiting their vulnerable domestic workers. The court at the same time threw out the more severe charges of human trafficking. None of the four family members were in court in Geneva though a fifth defendant - the family's business manager - was on hand. He received an 18 months suspended sentence.

Hinduja Group planning to raise Rs 7,300 cr to partly fund RCap buy

It has mandated Barclays Plc and 360 ONE as arrangers and underwriters for the issuance, the people said, asking not to be identified as the discussions are private

Hinduja Group starts bond sale process to fund buying Reliance Capital

It has mandated Barclays Plc and 360 ONE as arrangers and underwriters for the issuance, the people said, asking not to be identified as the discussions are private

'Spent more on dog than staff': Billionaire Hindujas accused of trafficking

The trial got underway on Monday after four members of the Hinduja family were indicted last year by Geneva prosecutors for alleged human trafficking and mistreatment of their domestic staff

Human trafficking case: Nanny like second mum to family, says Ajay Hinduja

He said he wanted to thank the woman for her work for the family, adding that she's still in touch with his kids and sends them Diwali greetings by phone

Without incentives, people won't see reason to buy EVs: Dheeraj Hinduja

Hinduja talks about the company's expectations from the new government, as he outlines the strategy in the light commercial vehicles (LCV) category and Switch Mobility funding

Reliance Capital seeks 10-day extension to transfer assets to Hinduja group

The administrator of debt-ridden Reliance Capital (RCAP) has approached the Reserve Bank to seek a 10-day extension of the deadline to transfer businesses to a successful bidder -- a Hinduja Group company, sources said. The deadline for the transfer of Reliance Capital's asset to Aasia Enterprises, a Hinduja Group company, ended on Friday, they added. The RBI approval granted on November 17, 2023, was valid for only 6 months. The RCAP Administrator has sought an extension of 10 days till May 27 from the RBI, sources said. It may be mentioned that May 27 also happens to be the deadline for the implementation of the resolution plan by the Hinduja Group company as per the NCLT order. The National Company Law Tribunal (NCLT) Mumbai, while approving the resolution plan on February 27, directed IndusInd International Holdings Ltd to implement it within 90 days ending May 27. The tribunal had approved Hinduja Group firm IndusInd International Holdings Ltd's Rs 9,650-crore resolution pla

Hindujas' Reliance Capital buy faces further delay; matter pending in SC

Matter pending in Supreme Court; group firms to pay Rs 9,661 crore to lenders only after all the clearances

Hinduja led IIHL gets Irdai's nod for acquisition of Reliance Capital

The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances, says IIHL spokesperson

Hinduja rejigs consortium to acquire cash-strapped Reliance Capital

New structure will help meet FDI ceiling of 74% for insurance sector

RCap lenders urge Hinduja Group arm to stick to resolution plan deadline

Concerned over slow progress, the lenders of debt-ridden Reliance Capital (RCAP) have asked the Hinduja Group arm, IndusInd International Holdings Ltd, to expedite the process of obtaining necessary regulatory approvals and stick to the resolution plan deadline of May 27. In a meeting held in Mumbai on Friday with the senior officials of IndusInd International Holdings' (IIHL), the lenders of RCAP said the company has to make a payment of Rs 9,650 crore to them by the said date, a source said. It is to be noted that the National Company Law Tribunal (NCLT) Mumbai, while approving the resolution plan on February 27, directed the IIHL to implement the resolution plan within 90 days i.e. May 27. As per the approved resolution plan, IIHL has to make an upfront payment of Rs 9,650 crore to the RCAP lenders. According to the sources, the lenders expressed concerns over the slow progress towards the implementation of RCAP resolution plan, as IIHL is yet to receive the crucial IRDAI approv

Hindujas inks new India-UK healthcare pact with King's College London

The Hinduja Group and King's College London on Wednesday announced a new partnership aimed at improving healthcare outcomes in India and the UK, through training and research capacity building as well as scholarships for Indian students. King's College London, Guy's & St. Thomas' NHS Foundation Trust, the Hinduja Foundation UK and Mumbai's P.D. Hinduja Hospital & Medical Research Centre run by the National Health & Education Society are involved in the new strategic partnership to advance two-way training, education and research capacity building. It will lead to the creation of a new Hinduja-King's Health Partners Academy with the aim of driving forward the development of new technologies to address global healthcare challenges. This collaboration will only strengthen the UK's close links to India, and create greater research capacity in healthcare engineering, clinical innovation, and advanced training," said UK Deputy Prime Minister Oliver Dowden after a visit last ...

Hinduja Group enters MF space as IIHL picks up 60% in Invesco AMC

Inks deal with US' Invesco to form JV; IndusInd to hold 60% stake