Reliance Capital promoter to raise stake by 4.03%


Anil Ambani-led Reliance Capital has said that one of its promoters has pledged 4.03% stake in the company with lenders.
In a disclosure to the Bombay Stock Exchange (BSE), Reliance Capital said that its promoter AAA Enterprises has pledged 98.93 lakh shares representing 4.03% stake in the firm.
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Reliance Capital looks overseas for growth


Reliance Capital in Mumbai is engaged in several initiatives to create a global platform of asset management, life insurance, brokerage and wealth management, initially catering to non-resident Indians but ultimately to attract non-Indian clients.
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Reliance Capital Q3 result: net profit up 36%


Helped by its mutual fund, life insurance, brokerage and financial products distribution businesses, Reliance Capital posted a 11% rise in its net profit to Rs131.5 crore, for the third quarter of this fiscal.
The total operating income of the Anil Ambani group’s financial services arm jumped 36% to Rs1,572.9 crore in the quarter ended 31 December, 2008, from Rs1,155.6 crore in the year-ago period.
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Reliance, TATA all set to expand presence in home finance business


Despite the gloom in the real estate market, corporate houses such as the Tatas and Anil Ambani’s Reliance group are planning a larger presence in the housing finance segment.
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Reliance Capital may look for strategic investors in its home loan and consumer finance businesses


Aiming to become the leading market player in the next 3-5 years, Anil Ambani group’s Reliance Capital will look at tapping strategic investors for its home loan and consumer finance businesses in about a year’s time or as and when market cond itions improve.
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Reliance Capital gets regulatory approval for home loan business


Anil Ambani group’s Reliance Capital today said it has received the necessary regulatory approval to set up a housing finance subsidiary and expects to become a leading player in the home loan business over the next 3-5 years.
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Reliance Capital plans to sell a minority stake of its brokerage business to UK’s THB


Reliance Capital wants to strengthen presence in the brokerage of reinsurance products and risk assessment.
Reliance ADAG is in talks to sell a minority stake in its insurance brokerage business to the UK-based insurance broking firm THB.
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Reliance Capital replaces Satyam in Nifty Index


In view of the revelations of financial irregularities in Satyam and its consequent plunge in share prices, National Stock Exchange has decided to remove Satyam from its Nifty index from 12 January.
Reliance Capital would replace Satyam in the index. Satyam would also be removed from other indices like CNX 100 and CNX 500.
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Vikrant Gugnani appointed as the President and CEO of International Business, Reliance Capital Ltd.


Reliance Capital, a unit of Anil Dhirubhai Ambani group, has announced the appointment of Vikrant Gugnani as the President and Chief Executive Officer- International Business, Reliance Capital Ltd. Vikrant Gugnani, who is presently serving as the CEO, Reliance Capital Asset Management, will now lead the international business strategy across all lines of businesses for financial services for the group.
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