Irdai rejection raises more questions for Hinduja-led IIHL on source of funds for RCAP acquisition ...Middle East

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Irdai rejection raises more questions for Hinduja-led IIHL on source of funds for RCAP acquisition
The RBI-appointed Administrator of debt-ridden Reliance Capital (RCAP) has written to Hinduja Group firm IndusInd International Holdings Ltd (IIHL), the successful bidder for acquiring RCAP, raising questions on the source of funds and business plan, sources said.

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