Reliance Capital has announced a board meeting to discuss the foreign direct investment (FDI) approval granted by the Government of India for IndusInd International Holdings Ltd. (IIHL) to acquire the company.

This approval allows IIHL to invest through its subsidiary, IIHL BFSI (India) Ltd., as part of the corporate insolvency resolution plan previously sanctioned by the NCLT.

The resolution plan's progress enhances the company's operational stability while allowing IIHL to leverage opportunities in the financial sector.

Investors may view this development positively, as it signals a step forward in the company's recovery strategies and potential value creation.