Anil Dhiru Bhai Ambani Group firm Reliance Capital has bought 17.41 lakh equity shares of battery maker HBL Power Systems for over Rs 30.31 crore.
According to bulk deal data available on the Bombay Stock Exchnage, Reliance Capital purchased 17,41,000 equity shares of HBL Power at Rs 174.13 each from Abhishek Sonata.
Reliance Capital is engaged in asset management and mutual funds, life and general insurance, private equity and investments and stock broking among others.
Continue reading Reliance Capital buys HBL Power’s equity shares worth Rs 30.3 crore
Shares of Reliance Capital are trading at Rs 553.30, up Rs 28.7, or 5.47% at the Bombay Stock Exchange (BSE) on Monday at 11:13 a.m.
The scrip has touched an intra-day high of Rs 560.95 and low of Rs 535. The total volume of shares traded at the BSE is 856,650.
In the earlier session, the shares gained 6.42%, or Rs 31.65, at Rs 524.60.
Continue reading Reliance Capital shares gained 5.47%
Reliance Capital on Thursday said its consolidate net profit and total income for the quarter ended March 31 has fallen in comparison with the same time last year.
The company has posted a net profit of Rs 312 crore for the quarter ended March against Rs 366 crore for the same period last year.
Its total income for the reporting quarter was Rs 1,547 crore against Rs 1,635 crore for the same period a year ago.
Continue reading Reliance Capital Q4 consolidate net profit down
K V Srinivasan has been elevated as the chief executive officer (CEO) of Reliance Consumer Finance, as part of the companyâ€™s overall growth plans.
The announcement was made by Sam Ghosh, CEO, Reliance Capital Ltd, in Mumbai on Tuesday.
Srinivasan, who was earlier Dy CEO of Reliance Consumer Finance, will further strengthen the organisation and continue to provide it direction and focus.
Continue reading K V Srinivasan promoted as a CEO of Reliance Consumer Finance
Fitch has retained the highest short-term debt rating of Anil Dhirubhai Ambani Group firm Reliance Capital (RCL) on its dominant position in the financial services industry.
“RCL’s rating reflects its reasonably strong capitalisation and leading positions its key businesses maintain in the Indian financial services industry,” rating agency Fitch said in a statement on Thursday.
Continue reading Fitch keeps on F1+ rating on Reliance Capital
Reliance Capital has raised 3.5 billion rupees through the issue of bonds between Dec. 31, 2008, and Feb. 10, 2009, the company told the stock exchange.
It sold 1.5 billion rupees of 365-day bonds, carrying a coupon rate of 13 percent and maturing on Dec. 31, 2009, to Indian Bank.
Reliance Capital, part of India’s Anil Dhirubhai Ambani Group, also sold 1 billion rupees of 365-day bonds, with a coupon rate of 11.15 percent and maturing on Jan. 16, 2010, to Central Bank of India .
Continue reading Reliance Cap raises 3500 billion rupees by issuing bonds in Jan-Feb
In a bid to attract Muslim investors to stock markets, Reliance Capital Services has launched in Kanpur the ‘Imaan Investment Plan’ in line with the rules of Islamic Shariyat.
As per the plan, the money from investors will not be invested in banking, non-banking finance, tobacco, liquor, satta, hotel, the sugar sector and entertainment, which are illegal according to Shariyat law, company officials said.
Continue reading Reliance Capital launches ‘Imaan Investment Plan’ to attract Muslim investors
Reliance Capital Trustee has reduced its stake to 5.27 per cent in Pharma major Wyeth after selling shares in an open market transaction.
In a disclosure to the Bombay Stock Exchange, Wyeth said Reliance Capital Trustee has sold over 1.99 lakh shares, representing 0.88 per cent stake, aggregating to Rs 10.72 crore.
Continue reading Reliance Capital Trustee lowers stake in pharma major Wyeth
Indiaâ€™s largest asset manager Reliance Capital Asset Management Ltd aims to stamp its mark in the Islamic fund management business worldwide by making Malaysia its international hub for global Islamic investment activities. The company will soon open its first office in Kuala Lumpur.
Continue reading Reliance Capital to make Malaysia its hub for global Islamic investment activities
At a time lending to firms has slowed, Reliance Capital Ltd is set to enter the business to plug the â€œonly missing linkâ€ in its portfolio, chief executive Sam Ghosh said.
He said the new unit will start lending only around July and will till then focus on preliminary appraisals. â€œEven then, we will not start aggressively. Our focus will be to try and grow conservatively,â€ Ghosh told Mint.
Continue reading Reliance Capital to lend to corporates says CEO Sam Ghosh