IIHL successfully purchased Reliance Capital through a transaction worth ₹9,650 crore which elevated India's Insurance & Capital Market sector.

The acquisition of Reliance Capital by IndusInd International Holdings Ltd (IIHL) represented the end of a nearly three-year process to resolve financial troubles of that debt-ridden financial services firm. On March 18 Chairman Ashok P. Hinduja made public confirmation of the acquisition before the management takeover from the Administrator would begin on March 19.

IIHL plans to issue the insurance units for public listing within two to three years after buying Reliance Capital for ₹9,650 crore. The move will increase IL&FS's impact on both the Insurance & Capital Market sector. IIHL provided an additional ₹200 crore to enhance the solvency position of Reliance Capital.

The company expects insurance operations to reveal substantial market value amounting to ₹20,000 crore. IIHL operates through subsidiaries Reliance Nippon Life Insurance Ltd and Reliance General Insurance Ltd to transform the sector which includes both insurance and capital markets.

This transition gained momentum because the RBI together with IRDAI and stock exchanges granted their necessary approvals. The entity acquisition at IIHL requires strategic restructuring because the organization plans to achieve a $50 billion valuation by 2030. The acquisition transforms India's Insurance & Capital Market sector in a way that supports IIHL's enduring business aspirations.