Reliance Capital Ltd (RCL), part of debt-ridden Anil Ambani-promoted Reliance Group, on Monday said the Committee of Debenture Holders has extended the deadline for submission of bids for the company's subsidiaries to December 17.
Anil Ambani-led Reliance Capital, which recently defaulted on repayments to its debenture holders and other creditors, has begun the process for monetisation of its assets, market sources said.
Mortgage lender HDFC on Saturday said it has acquired 6.43 per cent stake in debt-trapped Reliance Capital by invoking pledged shares.
The Anil Ambani-controlled Reliance Capital group firm Reliance Home Finance has defaulted on loan repayment of Rs 40.08 crore in February, it said in a regulatory filing on Tuesday.
"This is to inform to the general public that based on the request received from Reliance Capital Pension Fund Ltd, the certificate of registration granted to Reliance Capital Pension Fund Ltd has been cancelled by the Authority and the pension fund is no longer available for subscription under NPS," PFRDA said.
Reliance Capital has announced the completion of 21.54 per cent stake sale in its mutual fund arm RNAM to joint venture partner Japan's Nippon Life Insurance for Rs 3,030 crore.
Reliance Capital will sell up to 1.93 crore shares, representing 3.15 per cent equity, in Reliance Nippon Life Asset Management (RNAM) for over Rs 505 crore on stock exchanges through 'Offer for Sale' route on Wednesday and Thursday.
In a statement issued here, the company said: "PWC's observations are completely baseless and unjustified. PWC has acted prematurely without even statutory discussions with the Audit Committee."
Anmol Ambani on Tuesday addressed shareholders at 31st annual general meeting (AGM) of Reliance Capital, the financial services arm of the Anil Ambani-led Group.
Reliance Capital already offers health insurance products and the move to have a standalone offering is to increase retail presence in the already cluttered mediclaim segment.
Reliance Capital had picked up the stake in One97 Communications, the parent company of Paytm, for Rs 10 crore
Relaince Capital chairman on Tuesday introduced his son Anmol to the company's shareholders as a newly-inducted director on the board and said he has already brought "tremendous luck" to the financial services firm. "Anmol has
Mumbai: Reliance Capital, a part of the Anil Ambani-led group, on Wednesday said it is acquiring Goldman Sachs Asset Management's onshore business in India like mutual funds and exchange-traded funds for Rs.243 crore ($37.5 million)
Mumbai: financial conglomerate Reliance Capital Ltd posted a Rs.213 crore net profit for the third quarter up from Rs.166 crore posted in the corresponding period of the previous fiscal.In a statement issued here, the company
Mumbai: Confident about further growth in its mutual fund and securities market businesses, financial sector conglomerate Reliance Capital expects a turnaround in its life insurance business as well in 2015.Besides, the group should record faster
New Delhi: Looking to cash in on e-commerce boom, Reliance Capital is all set to sell its 16 per cent stake in leading travel portal Yatra.com for an estimated Rs 500 crore and is in
New Delhi: Reliance Capital Asset Management Ltd has increased its stake in HT Media Ltd by 1.06 per cent, by acquiring 25 lakh shares in the open market.Reliance Capital Asset Management, which had 4.03 per
New Delhi: Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed
New Delhi, July 29: Reliance Capital on Monday reported a consolidated net profit of Rs 133 crore for the April-June quarter of this fiscal.Consolidated income of the diversified financial services major rose 16 per cent
New Delhi, July 17: Reliance Capital Asset Management today said its assets under management (AUM) have increased by Rs 7,000 crore in the April-June period 2013, taking the total AUM to Rs 1.80 lakh crore.Total
Top News
Latest News
