Hinduja Group's IIHL anticipates finalizing the Reliance Capital acquisition by January, aiming to triple its BFSI business to USD 50 billion by 2030. Post-acquisition, IIHL plans to retain the existing RCAP management, divest most subsidiaries, and potentially pursue an IPO after two years. The acquisition involves a Rs 9,650 crore bid and a subsequent Rs 200 crore solvency boost.
