RCAP acquisition: IRDAI rejection raises questions for Hinduja-led IIHL on funds' source | Mint – Mint
The Reserve Bank of India-appointed Administrator of debt-ridden Reliance Capital (RCAP) on 15 October wrote a letter to Hinduja Group firm IndusInd International Holdings Ltd (IIHL). It raised questions on the source of funds and business plan, reported news agency PTI citing sources. In the letter to IIHL, the Administrator has asked the successful resolution…