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India’s Reliance Money launches in Saudi Arabia
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India’s Reliance Money, a unit of financial services company Reliance Capital Ltd said on Thursday it had launched a joint venture in Saudi Arabia as it seeks to expand its international presence.
Anil Ambani Launches $2-Billion Private Equity Fund
Anil Dhirubhai Ambani Group (ADAG) is hitting the private equity road braving the market turmoil. The group is promoting a $2-billion yet-to-be named fund as a standalone entity, and not as part of Reliance Capital, sources said.
The group has put in place a fund team that is already chasing deals of at least $50-75 million in size. The general purpose fund has already raised over $500 million with Anil Ambani as anchor limited partner, sources added. Mr Ambani’s infusion is believed to have come from his personal holding companies - Batista and AAA.
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Deadline for RCom, MTN talks extended till July 21
Reliance Communications said on Wednesday that the deadline for the talks with South African telecom major MTN for a “potential business combination†has been extended till July 21.
The announcement comes a day after the 45-day period, which began in May, ended on Tuesday.
The extended deadline will give RCom extra time to resolve its deal-threatening conflict with Reliance Industries (RIL), according to Mr Sourabh Kaushal, Principal Consultant, Frost & Sullivan.
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Reliance MF declares dividend under Reliance Interval Fund
Reliance Mutual Fund has declared a dividend of 100% per unit, under the dividend option of the Reliance Interval Fund - Quarterly Interval Fund-Series Fund-I.
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AB Corp and Reliance have come together for mutual benefit: Amitabh Bachchan
Bollywood mega superstar Amitabh Bachchan ’s AB Corp has inked a Rs.15 billion ($375 million) deal with Anil Ambani’s Reliance Big Entertainment for making films and serials.
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Reliance and The Three Bears
We’ve received lots of feedback from readers over the past few months. We love reading your emails so the keep them coming! We’ve also had many specific requests to chart various markets and companies. High on the list is India’s Reliance Industries (IN:REL). So by popular request, Charting Asia presents the tale of Reliance and The Three Bears.
Reliance’s Big Broadcasting appoints Manavjeet Singh as distribution head
Reliance ADAG is gearing up for the launch of its bouquet of entertainment channels. As a step in this direction, Big Broadcasting has appointed Manavjeet Singh as head - distribution.
Maoists blast Reliance mobile tower
Maoists triggered off blasts at a Reliance mobile tower in the remote Durgapadu panchayat, 56 km from here, under Rayagada police limits on Saturday.
The circuit box of the tower was also set afire. Three armed Maoists went to the village in the night and urged villagers to contribute towards making their Protest Week a success.
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Reliance Money forays into wealth management
In a bid to expand its gamut of financial services, broking and distribution house major Reliance Money has announced its foray into wealth management. This was announced by Sudip Bandyopadhyay, director & CEO of Reliance Money, here on Tuesday.
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