Anil Ambani group firm Reliance Capital plans to enter investment banking space by the end of the current financial year. Reliance Capital has already secured a merchant banking licence from the Securities and Exchange Board of India (Sebi). The company would soon start the process of hiring top management for the business.
The company is looking at various things like advisory in merger and acquisitions, equity and debt, but have not firmed up any plans on that yet. Addressing shareholders, ADA Group Chairman Anil Ambani said that given the scale and magnitude of its relationships across corporate
