<p><em>By Nao Sano and Baiju Kalesh</em></p><p>IndusInd International Holdings Ltd. is close to completing its acquisition of Reliance Capital for Rs 9,860 crore ($1.1 billion), according to people familiar with the matter.</p><p>An official announcement on the deal could be made in the coming days, the people said, asking not to be identified because the information is private. </p>.India not privatising telecom firms BSNL, MTNL, says Union MoS Pemmasani.<p>A representative for IndusInd International didn’t respond to a request for comment. A Reliance Capital representative declined to comment. </p><p>The acquisition of the shadow bank by the unit of Indian conglomerate Hinduja Group Ltd. was approved by a bankruptcy tribunal in February last year. </p><p>The Reserve Bank of India took control of Reliance Capital in November 2021, citing a failure to meet payment obligations and “serious governance concerns” that the board failed to remedy. </p>
<p><em>By Nao Sano and Baiju Kalesh</em></p><p>IndusInd International Holdings Ltd. is close to completing its acquisition of Reliance Capital for Rs 9,860 crore ($1.1 billion), according to people familiar with the matter.</p><p>An official announcement on the deal could be made in the coming days, the people said, asking not to be identified because the information is private. </p>.India not privatising telecom firms BSNL, MTNL, says Union MoS Pemmasani.<p>A representative for IndusInd International didn’t respond to a request for comment. A Reliance Capital representative declined to comment. </p><p>The acquisition of the shadow bank by the unit of Indian conglomerate Hinduja Group Ltd. was approved by a bankruptcy tribunal in February last year. </p><p>The Reserve Bank of India took control of Reliance Capital in November 2021, citing a failure to meet payment obligations and “serious governance concerns” that the board failed to remedy. </p>