Cyqure India Private Limited

Cyqure India Private Limited (CIPL) is engaged in structured finance and investment activities. It, which is in the process of acquiring stakes in Reliance General Insurance, Reliance Nippon Life Insurance, and Reliance Health Insurance as part of the broader restructuring of Reliance Capital Limited (RCL). This acquisition is being executed in coordination with IndusInd International Holdings Limited (IIHL), a Mauritius-based entity. CIPL is promoted by Ashok Hinduja and his family, well-established industrialists with a strong track record in financial management and business restructuring. Their financial credibility and experience in structuring complex transactions lend confidence to investors and stakeholders alike. The company facilitates structured financial transactions, including non-convertible debentures (NCDs) backed by assets and cash flows. Its transaction structure incorporates a first-ranking security charge on all assets, ensuring that proceeds from the monetization of the acquired insurance companies flow through an escrow mechanism. The framework further provides liquidity support through reserves maintained at IIHL's holding entities, reinforcing financial security for debenture holders., helping mitigate risks arising from any delays in asset monetization.