IIHL or IndusInd International Holdings Ltd is one of the promoter entities of private sector lender IndusInd Bank and was the winning bidder for Reliance Capital under the IBC (insolvency and bankruptcy code) route.
Hinduja Brothers Exclusive Interview: When was the last time you saw all the three Hinduja brothers, G.P Hinduja, A.P Hinduja and P.P Hinduja in the same frame? Moneycontrol's Ashwin Mohan caught up exclusively with them at the Hinduja residence, Carlton House Terrace, London, UK, as the three leaders of the diversified conglomerate which backs the likes of Indus Ind Bank and Ashok Leyland, weighed in on several key issues. The senior siblings laud the vision of Prime Minister Narendra Modi and are bullish on India becoming the third largest economy in the world. The group is betting big on the BFSI space and post the Reliance Capital win under the IBC auction process, it is looking to bolster the portfolio with a few acquisitions before the end of the financial year. That's not all, there is also a promoter group entity listing on the cards even as the group looks to hike its stake in Indus Ind Bank and double down on the Africa opportunity. Listen In for more details!
Last year that it became public that Srichand Hinduja was suffering from the onset of severe Lewy Body dementia, a progressive and fatal disease.
Details emerged on Monday that the family continues to fight legal cases in Mauritius, Switzerland, and Channel Islands.
Britain’s richest family oversaw an Anglo-Indian business empire that’s lasted over a century from their shared family homes in London, Mumbai and Geneva.
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The brothers agreed to halt reams of litigation across Europe, ending, for now, a feud that was tearing the once tightly knit British-Indian group apart.
The London house of the Hinduja brothers, Carlton House Terrace, was originally built to finance the transformation of Buckingham House into Buckingham Palace.
The Hindujas, known as the Rothschilds of India, were a family that ate together and so stayed together. Now the billionaire brothers face the twin threats of embarrassing exposures as well as a fragmentation of the family fortune.
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Four Hinduja brothers -- Srichand, Gopichand, Prakash and Ashok -- had in 2014 signed on a document saying the assets held by one brother belong to all, and that each of them will appoint the others as their executors.
A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said that it would list the appeal for hearing in the week commencing from October 30 this year.
Mumbai-born tycoons David and Simon Reuben have topped 'The Sunday Times' Rich List 2016 with a fortune of 13.1 billion pounds, followed by the Hinduja brothers at 13 billion pounds.
The India-born brothers G P Hinduja and S P Hinduja topped the 'Asian Rich List 2016' released here last night and the annual rankings showed that they had added one billion pounds to their personal fortune in a year to be worth an estimated 16.5 billion pounds.
Speaking at a Diwali celebrations hosted by the Hinduja brothers here last night, he said that Prime Minister Modi's visit would give "a boost to the bilateral trade and investment between India and the UK."
Among the 90 Indians on the Forbes Rich List 2015, published on Monday, Ambani (39th globally) is closely followed by pharmaceuticals business tycoon Dilip Shanghvi (44th rank with networth of USD 20 billion) and Azim Premji (48th with USD 19.1 billion).
The Forbes India rich list shows modest gains for India's richest due to a stumbling economy. Steel magnate Lakshmi Mittal also retains his No.2 position on the rich list with a wealth of USD 16 billion.
There are 11 entrepreneurs debuting on the India Rich List this year.
Citing problems like securing British visas and the country's high taxes, prominent NRI industrialists Hinduja brothers have cautioned Prime Minister David Cameron that Indian entrepreneurs were migrating to more investor-friendly destinations such as Dubai and Geneva.