IIHL seeks ₹ 4,300 crore NCD issue for Reliance Capital acquisition. Managed by RBI’s Nageswara Rao Y under IBC, with NCLT approving ₹ 9,650 crore plan. Funds from domestic and global markets. Debentures secured by insurance share sales, Care Ratings assess. Escrow for repayments. Reliance General, Nippon Life stakes to Aasia Enterprise LLP. IIHL must retain 51% shareholding.
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