Reliance Capital trades jubilantly on selling 26% stake sale in RCAM

Reliance Capital Ltd. | Finance - NBFC | BFSI | BSE: 500111 | NSE: RELCAPITAL

21 Aug 2012 Evaluate

Reliance Capital is currently trading at Rs. 368.10, up by 16.00 points or 4.54% from its previous closing of Rs. 352.10 on the BSE.

The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 369.15 and Rs. 351.95 respectively. So far 702900 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 481.75 on 22-Feb-2012 and a 52 week low of Rs. 225.50 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 369.15 and Rs. 340.60 respectively. The current market cap of the company is Rs. 8987.70 crore.

The promoters holding in the company stood at 54.14% while Institutions and Non-Institutions held 25.77% and 19.99% respectively.

Anil Ambani-led Reliance Capital has concluded the transaction of sale of 26 percent stake in Reliance Capital Asset Management (RCAM) to Nippon Life Insurance. The entire transaction proceeds of Rs 1450 crore has been duly received from Nippon Life Insurance. This transaction pegs the total valuation of RCAM at approximately Rs 5600 crore ($1.1 billion)

Recently, the company had secured Securities and Exchange Board of India’s (SEBI) approval for its proposed stake sale of 26% in RCAM (Reliance Capital Asset Management Company) to Nippon Life for Rs 1,450 crore.

The Nippon Life transaction values RCAM, the country's most profitable fund house, at about Rs 5,600 crore. The final agreement for this deal was signed in late March this year. The company had already received approval from Competition Commission of India (CCI) and Reserve Bank of India (RBI) for the same.

Reliance Capital Share Price

11.79 0.00 (0.00%)

26-Feb-2024 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Finance	968.15
Shriram Finance	993.25
Aditya Birla Capital	392.20
Chola Invest & Fin.	1718.15
Tata Capital	355.70
View more..

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