June 2nd, 2018Business Tycoon Anil Ambani's Elder Son, Anmol Ambani has successfully stricken his first deal after being promoted as director of Reliance Capital, the holding company of the Reliance group’s financial services businesses.
Anmol has sold 60% stake of the company to a British Game developing company Codemasters for a whopping sum of...
July 14th, 2017Reliance Capital Ltd., the holding company of Reliance Nippon Life Asset Management Limited (RNAM), has today received Rs. 378 crore from Nippon Life Insurance, a Fortune 500 company and one of the largest life insurers in the world, upon completion of the transaction for increasing NLI’s equity stake in RNAM to 49%.
Reliance...
July 3rd, 2017Billionloans Financial Services Pvt. Ltd. (“Billionloans”) today announced that it has closed a seed funding round of approx. Rs 7 crore (US$ 1 million) from Reliance Corporate Advisory Services Limited, a wholly-owned subsidiary of Reliance Capital.
Billionloans is a technology-enabled financial services company, focused on...
March 7th, 2017Reliance Capital has sold its nearly 1 percent stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.
The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm. The deal gives a valuation of over USD 4...
February 17th, 2017According to the sources, Reliance Capital will sold its 1% share in Paytm to stay focus on its core business. Reliance capital owned 1% in Paytm and the valuation of the e-wallet company was valued at USD 4.8 billion.
The news was first published by Moneycontrol website. The leading investor in the Paytm, Alibaba Group is the...
