Reliance Capital hikes stake in Aurionpro

31 Dec 2011

Reliance Capital, Anil Ambani group company has increased its stake in IT solutions provider Aurionpro Solutions by buying additional 2,40,000 shares for about Rs 3 crore through an open market transaction. The company was holing 10,19,213 shares or 6.4% stake in Aurionpro Solutions as of September quarter. It has bought 2,44,166 shares of Aurionpro Solutions for Rs 125 apiece through a bulk deal.

Reliance Capital, controlled by billionaire Anil Ambani, manages assets of over $19 billion across mutual funds, pension funds, managed accounts and hedge funds. Its other businesses include insurance, broking, consumer and commercial finance.

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