Reliance Capital’s 100% subsidiary - Reliance Corporate Advisory Services has sold 47,28,081 equity shares held in an unlisted company namely KGS Developers (representing 14.90% of paid up equity share capital), for an aggregate consideration of Rs 82 crore.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.
