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Reliance Capital gains on arm planning to earmark Rs 165 crore for inorganic growth

18 Oct 2017 Evaluate

Reliance Capital is currently trading at Rs. 566.55, up by 4.25 points or 0.76% from its previous closing of Rs. 562.30 on the BSE.

The scrip opened at Rs. 565.00 and has touched a high and low of Rs. 575.80 and Rs. 560.55 respectively. So far 454298 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 877.80 on 01-Sep-2017 and a 52 week low of Rs. 407.50 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 575.80 and Rs. 531.75 respectively. The current market cap of the company is Rs. 14222.64 crore.

The promoters holding in the company stood at 52.27%, while institutions and non-institutions held 30.34% and 17.39% respectively.

Reliance Capital’s subsidiary, Reliance Nippon Life Asset Management (RNAM), will earmark Rs 165 crore for inorganic growth including acquisition of mutual fund companies. The company would earmark Rs 165 crore for the inorganic growth out of the Rs 617 crore it plans to garner from the issue of fresh shares at the upper price band.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.

Reliance Capital Share Price

11.79 0.00 (0.00%)
26-Feb-2024 16:59 View Price Chart
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