Reliance Capital has purchased 11,88,000 equity shares constituting 6.83% of the equity share capital of Saregama India on December 28, 2015.
Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.