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13Aug 2024

NCLT URGES SWIFT APPROVALS FOR RELIANCE CAPITAL ACQUISITION

Why in the news? NCLT has directed RBI and DPIIT to expedite approvals, crucial for completing Hinduja’s ₹9,861 crore acquisition of Reliance Capital, amid concerns over implementation delays. source:medium About NCLT Orders Expedited Approvals: The National Company Law Tribunal (NCLT) instructed the Reserve Bank of India (RBI) and the Department for Promotion of Industry and …

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