Edition:
India

Reliance Capital Ltd (RLCP.NS)

RLCP.NS on National Stock Exchange of India

14.80INR
23 Oct 2019
Change (% chg)

Rs0.70 (+4.96%)
Prev Close
Rs14.10
Open
Rs14.40
Day's High
Rs14.80
Day's Low
Rs13.50
Volume
8,028,947
Avg. Vol
23,367,440
52-wk High
Rs264.00
52-wk Low
Rs12.35

Latest Key Developments (Source: Significant Developments)

India's Reliance Capital Sells 17.06% Of Shareholding In Reliance Nippon Life Asset Management
Friday, 13 Sep 2019 

Sept 13 (Reuters) - Reliance Nippon Life Asset Management Ltd ::HAS SOLD 17.06% OF SHAREHOLDING IN RELIANCE NIPPON LIFE ASSET MANAGEMENT, AGGREGATING OVER 24.80 BILLION RUPEES.EXPECTS TO REDUCE ITS DEBT BY AT LEAST 120 BILLION RUPEES ($ 1.7 BILLION), OR 70%, IN THE CURRENT FINANCIAL YEAR.INDIA'S RELIANCE CAPITAL SAYS TO RECEIVE $860 MILLION VIA RNAM STAKE SALE AND DEAL WITH NIPPON LIFE INSURANCE COMPANY OF JAPAN.  Full Article

India's Reliance Capital Says PWC’S Observations Are Completely Baseless And Unjustified
Thursday, 13 Jun 2019 

June 13 (Reuters) - Reliance Capital Ltd ::SAYS PWC’S OBSERVATIONS ARE COMPLETELY BASELESS AND UNJUSTIFIED.SAYS PWC HAS ACTED WITHOUT STATUTORY DISCUSSIONS WITH THE AUDIT COMMITTEE.SAYS ALL RESOURCES HAVE BEEN UTILISED PURELY TO SUPPORT GROUP DEBT SERVICING OF 350 BILLION RUPEES IN PAST 14 MONTHS.SAYS NO QUESTION OF ‘DIVERSION’; ZERO LOANS AND/OR LIQUIDITY HAVE BEEN PROVIDED BY ANY LENDER IN THE PWC AUDIT PERIOD.RELIANCE CAPITAL-CO'S CONTINUING AUDITOR BEEN MANDATED BY THE AUDIT COMMITTEE TO SUBMIT ITS INDEPENDENT REPORT ON PWC’S OBSERVATIONS WITHIN 15 DAYS.  Full Article

Reliance Nippon Life Asset Management Says Reliance Capital Cuts 7.89% Stake In Co
Wednesday, 29 May 2019 

May 29 (Reuters) - Reliance Nippon Life Asset Management Ltd ::SAYS RELIANCE CAPITAL LTD CUTS STAKE IN CO BY 7.89% TO 34.99%.  Full Article

Reliance Capital Says Divestment Deal With Music Broadcast To Reduce Co's Debt By 12 Bln Rupees
Monday, 27 May 2019 

May 27 (Reuters) - Reliance Capital Ltd::RELIANCE CAPITAL GROUP TO DIVEST ENTIRE STAKE IN BIG 92.7 FM RADIO BUSINESS TO MUSIC BROADCAST LIMITED.TRANSACTION WILL REDUCE RELIANCE CAPITAL'S DEBT BY AN ESTIMATED 12 BILLION RUPEES.EXPECT RELIANCE CAPITAL'S DEBT TO REDUCE BY APPROX. 120 BILLION RUPEES IN CURRENT FINANCIAL YEAR.  Full Article

Reliance Nippon Life Asset Management Says Nippon Life Insurance Of Japan To Raise Stake In Co To 75%
Thursday, 23 May 2019 

May 23 (Reuters) - Reliance Nippon Life Asset Management Ltd ::NIPPON LIFE INSURANCE OF JAPAN SIGNS DEALS WITH RELIANCE CAPITAL TO UP STAKE IN CO TO 75%.ACQUISITION OF RNAM SHARES AT 230 RUPEES PER SHARE.RELIANCE CAPITAL WILL EXIT ITS ENTIRE STAKE IN CO TO NIPPON LIFE INSURANCE.RELIANCE CAPITAL WILL OFFER FOR SALE TO OTHER FINANCIAL INVESTORS TO MEET MINIMUM FREE FLOAT REQUIREMENT OF 25%.  Full Article

Reliance Capital Invites Nippon Life Insurance To Buy Co's Stake In Reliance Nippon Life Asset Management
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Reliance Capital Ltd ::CO INVITED NIPPON LIFE INSURANCE TO MAKE OFFER TO ACQUIRE UP TO 42.88% STAKE HELD BY CO IN RELIANCE NIPPON LIFE ASSET MANAGEMENT.SAYS NIPPON LIFE INSURANCE CO. LTD. ALREADY HOLDS 42.88 PERCENT STAKE IN RELIANCE NIPPON LIFE ASSET MANAGEMENT.  Full Article

L&T Finance Says Sale Of Reliance ADAG Group Cos' Shares Is Per Contractual Rights, And Legal
Friday, 8 Feb 2019 

Feb 8 (Reuters) - L&T Finance Holdings Ltd ::L&T FINANCE CONFIRMS THAT SALE OF SHARES OF RELIANCE ADAG GROUP COMPANIES IS AS PER CONTRACTUAL RIGHTS AND IS LEGAL.REFUTES, DENIES ALLEGATIONS MADE BY RELIANCE ADAG GROUP IN RESPECT OF SALE OF PLEDGED SHARES OF RELIANCE ADAG GROUP.L&T FINANCE HAD GRANTED LOANS AGAINST PLEDGE OF SHARES TO RELIANCE ADAG GROUP COMPANIES.BORROWER DID NOT CURE VARIOUS EVENTS OF DEFAULTS INCLUDING PROVIDING MARGIN FOR SHORTFALL IN THE STIPULATED SECURITY COVER.DESPITE VARIOUS NOTICES IN THE PAST FEW MONTHS, EVENTS OF DEFAULTS CONTINUED.CO ENFORCED ITS RIGHTS OF INVOCATION, SOLD PLEDGED SHARES TO EXTENT OF ITS OUTSTANDING DUES VIA DUE PROCESS OF CONTRACT AND LAW.  Full Article

Reliance Capital Constitutes Search & Selection Committee For Appointment Of CEO
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Reliance Capital Ltd ::SAYS HAS CONSTITUTED A SEARCH & SELECTION COMMITTEE FOR APPOINTMENT OF CHIEF EXECUTIVE OFFICER.COMMITTEE COMPRISES OF RAJENDRA CHITALE, V. N. KAUL, AMITABH JHUNJHUNWALA AND ANMOL AMBANI.  Full Article

India's Reliance Capital Posts June-Qtr Consol Profit
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Reliance Capital Ltd ::JUNE QUARTER CONSOL PROFIT 2.47 BILLION RUPEES VERSUS LOSS OF 4.49 BILLION RUPEES LAST YEAR.JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 46.19 BILLION RUPEES VERSUS 44.20 BILLION RUPEES LAST YEAR.  Full Article

Reliance Capital Says Reliance Asset Reconstruction Names Ravindra Rao As Its CEO
Monday, 19 Mar 2018 

March 19 (Reuters) - Reliance Capital Ltd ::SAYS RELIANCE ASSET RECONSTRUCTION ANNOUNCED APPOINTMENT OF RAVINDRA RAO AS CEO.  Full Article

Photo

Reliance Capital to exit lending business, shares hit two-decade low

MUMBAI Indian financial services company Reliance Capital Ltd will exit the lending business, group Chairman Anil Ambani said on Monday, sending its shares to over two-decade low.