Reliance Capital gets 10 more bids for subsidiaries Reliance Capital Ltd RCL, part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said. Reliance Capital entered the capital market with a maiden public issue in 1990 and in subsequent years further tapped the capital market through rights issue and public issues. [33][34], In 2011, Reliance Capital sold 26% stake in its life insurance business, Reliance Life Insurance, to Nippon Life Insurance (Nissay), amongst the world's largest life insurers, with an AUM of over $600 billion. Its 20 per cent stake in Indian Commodity Exchange (ICEX) has also been put on sale. Reliance Capital has businesses in asset management, mutual funds, life insurance and general insurance, commercial finance, home finance, stock broking, wealth management services, distribution of financial products, private equity, asset reconstruction, proprietary investments and other activities in financial services. Reliance Capital Ltd (RCL), part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said. Reliance Capital (RCL), part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said. [41], Reliance Capital's broking and distribution business, "Reliance Capital Ltd. Financial Statements", "Reliance Capital Q4 net at Rs 417 crore", "The auditor to Anil Ambani firm Reliance Capital says it wasn't allowed to do its job", "Anil Ambani company Reliance Infra's auditors reveal all, say there is missing money on balance sheet", "Reliance Capital gets top ratings from Crisil, Icra", "Reliance General Insurance IPO inches ahead; company files draft papers with IRDA", "Reliance General Insurance: Reliance General Insurance eyes acquisition - Times of India", "Reliance General Insurance logs Rs 4,007 cr premium in FY17", "Reliance General Q1 gross written premium up 25% at Rs 706 crore", "Reliance Commercial Finance appoints Devang Mody as CEO", "Ravindra Sudhalkar is Reliance Home Finance's new CEO", "Reliance Home Finance net doubles in FY17", "Reliance Home Finance debuts at Rs 107 on NSE", "Reliance Home Finance share price falls to all-time low", "RelCap names Gopkumar as CEO of broking, distribution biz", "Reliance Capital names Gopkumar as CEO of broking, distribution business", "Reliance Health Insurance gets final nod from IRDAI", "Reliance Health Insurance gets final nod from Irdai to start operations", "Rel Cap announces media arm merger with Prime Focus", "Reliance Capital pockets a 2650% return from Paytm investment", "Reliance Capital stake sale: Reliance Capital completes 21.54% stake sale in RNAM", Dhirubhai Ambani Institute of Information and Communication Technology, Insurance Regulatory and Development Authority (IRDA), https://en.wikipedia.org/w/index.php?title=Reliance_Capital&oldid=996523426, Financial services companies based in Mumbai, Financial services companies established in 1986, Companies listed on the Bombay Stock Exchange, Creative Commons Attribution-ShareAlike License, This page was last edited on 27 December 2020, at 02:56. Address: JM Financial Limited, Investment Banking Team, 7th Floor, Cnergy Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Reliance Capital asset monetization process, to unlock value of its underlying businesses and to make RCAP debt free, was launched on October 31, 2020. [22], Reliance Home Finance Limited (RHF), a 100% subsidiary of Reliance Capital, provides home loans, LAP, construction finance, and affordable housing loans. देश में बनी कोरोना वैक्सीन … Reports indicate that Reliance Capital is also planning to sell a 26% stake in its general insurance business, Reliance General Insurance, at an appropriate time. Reliance Industries Limited (RIL) announced that its subsidiary Reliance Retail Ventures Limited (RRVL) acquired a majority stake in the Chennai-based Vitalic Health Pvt. Earlier this month, the Committee of Debenture Holders had extended the last date for submission of expression of interest (EoI) to December 17, 2020. Besides RCL, another debt-ridden group company Reliance Home Finance is also on sale with as many as six suitors submitting their bids. 1,829 crore (previous year: Rs. The name Reliance Capital came into effect on 5 January 1995. Reliance Group has six listed companies. Reliance Wealth Management Limited. Reliance Capital Investor Presentation for FY 2018-19. According to sources, the process for inviting Expression of Interest (EOI) for its key assets was launched […] Reliance Commodities Limited. [25] The stock price recorded a fall of more than 95% within 2 years of its IPO. 7083 crore were actually inter corporate deposits of other Reliance group companies that were being diverted. 3,082 crore for a 26 per cent stake, valuing Reliance Life Insurance at $2.6 billion. Reliance Commercial Finance offers a wide range of products which include business expansion loans, property loans, vehicle loans, construction equipment loans, infrastructure, microfinance and agriculture loans. [12], Reliance Capital has a net debt equity ratio of 1.88 as of 31 March 2017. State Bank of India's subsidiary SBI Life has also shown interest in picking up Reliance Capital's stake in Reliance Nippon Life Insurance, they added. In 2011, Reliance Capital sold 26% stake in its life insurance business, Reliance Life Insurance, to Nippon Life Insurance (Nissay), amongst the world's largest life insurers, with an AUM of over $600 billion. There are plans to sell 100 per cent stake in Reliance Securities and Reliance Financial Limited. as in March 2017. Reliance General Insurance is an active participant in various government crop insurance schemes, including the Pradhan Mantri Fasal Bima Yojn,a and has insured over 3 million farmers under this financial inclusion initiative. 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