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:
“Our reliance is in the love of liberty which God has planted in our bosoms. Our defense is in the preservation of the spirit which prizes liberty as the heritage of all men, in all lands, every where.”
—Abraham Lincoln (1809–1865)
“We saw the machinery where murderers are now executed. Seven have been executed. The plan is better than the old one. It is quietly done. Only a few, at the most about thirty or forty, can witness [an execution]. It excites nobody outside of the list permitted to attend. I think the time for capital punishment has passed. I would abolish it. But while it lasts this is the best mode.”
—Rutherford Birchard Hayes (1822–1893)