The Insurance Regulatory and Development Authority of India (IRDAI) has expressed reservations regarding the resolution plan submitted by IndusInd International Holdings Ltd (IIHL) for acquiring debt-ridden Reliance Capital. IRDAI seeks clarification on IIHL’s equity capital contribution, debt-raising plans, and the structure of borrowing. The regulator emphasizes the importance of promoter investment in insurance ventures to protect policyholders’ interests. Additionally, IRDAI seeks information on IIHL’s ability to meet future capital requirements and expresses apprehension over potential exceeding of foreign direct investment (FDI) limits post-acquisition.