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Reliance Capital lenders approve Hinduja’s bid of Rs 9,661 Cr for company

Reliance Capital's Committee of Creditors (CoC) has given its approval to the resolution plan proposed by Indusind International Holdings Ltd (IIHL) for the troubled financial services company, bringing finality to the long-drawn insolvency resolution process of the company, multiple people aware of the development told CNBC-TV18.

According to sources familiar with the matter, IIHL, which is the investment arm of the Hinduja Group, received an overwhelming majority of votes from the lenders, with 99.6 percent in favor of its resolution plan for Reliance Capital (RCap). The voting process to approve the sole resolution plan ended on Thursday.

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