IndusInd Intl to raise Rs 3,000 cr via NCDs to fund Reliance Capital buyout

IndusInd International Holdings plans to raise ₹3,000 crore through non-convertible debentures to finance its acquisition of Reliance Capital. The NCDs will be zero-coupon, senior secured, and redeemable, maturing in 2028. The Hinduja Group aims to raise a total debt of ₹7,300 crore for the acquisition, with part of it from private credit funds.