Reliance Capital to Delist from Stock Exchanges! Investors Loose Crores

  • Resolution Plan Approved: Reliance Capital's (RCL) debt resolution plan received approval from the National Company Law Tribunal (NCLT) on February 28, 2024.
  • Hinduja Group Acquisition: As part of the plan, the company will be acquired by Hinduja Group's IndusInd International Holdings Limited (IIHL).
  • Delisting Confirmed: Following the acquisition, RCL's shares will be delisted from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
  • No Equity Value for Shareholders: The delisting process does not offer any liquidation value to existing RCL shareholders.

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