Reliance Capital
Reliance Capital Limited (BSE: 500111, NSE: RELCAPITAL) is a financial services company and part of a Reliance Anil Dhirubhai Ambani Group. It is registered with the Reserve Bank of India under section 45-IA of the Reserve Bank of India Act, 1934. as a public limited company in 1986 and is now listed on the Bombay Stock Exchange and the National Stock Exchange (India).
Reliance Capital has a net worth of over 33 billion (US$600.6 million) and over 165,000 shareholders. On conversion of outstanding equity instruments, the net worth of the company will increase to about 41 billion (US$746.2 million).
It is headed by Anil Ambani and is a part of the Reliance ADA Group.
Reliance Capital ranks among the top 3 private sector financial services and banking companies, in terms of net worth.
Reliance Capital has interests in :
- Asset management.
- Mutual funds.
- Life and general insurance.
- Private equity and proprietary investments.
- Stock broking.
- Reliance PMS.
- Depository services and financial products.
- Consumer finance and other activities in financial services.
Read more about Reliance Capital: Minor Stakes, ICEX
Famous quotes containing the words reliance and/or capital:
“There has been in our time a lack of reliance on language and a lack of experimentation which are frightening to anyone who sees them as symptoms. We know the phenomenon of stage-fright: it holds the player shivering, incapable of speech or action. Perhaps there is an audience-fright which the play can feel, which leaves him with these incapacities.”
—Muriel Rukeyser (1913–1980)
“Woman—with a capital letter—should by now have ceased to be a specialty. There should be no more need of “movements” on her behalf, and agitations for her advancement and development ... than for the abolition of negro slavery in the United States.”
—Marion Harland (1830–1922)