HDFC acquires 6.43% Stake in Reliance Capital
On Saturday, Indian banking and financial company, HDFC, stated that it has acquired a 6.43% stake in debt-trapped Reliance Capital by invoking shares that were pledged by the company against…
Hero FinCorp likely to buy Reliance General Insurance worth Rs 6,000 cr
Hero FinCorp is, reportedly, in talks with Reliance Capital to buy Reliance General Insurance at Rs 6,000 crore, cited Economic Times. “The quality of our general insurance business is top…
Reliance Capital to pull-out from mutual funds biz
By selling its entire stake to (Reliance Nippon Asset Management) RNAM’s foreign partner Nippon Life Insurance, the celebrated flagship company of Anil Ambani, Reliance Capital has decided to step down…
Ebix offers 100% acquisition proposal to Yatra.com for $336 million
US based firm Ebix recently made an offer to Indian online travel agency Yatra.com for acquiring its assets at $336 million. The Atlanta headquartered company has been very rapidly expanding…
Anil Ambani led Reliance seeking to cut debt by ₹12,000 crore by selling stake in its non-core assets
Anil Ambani led Reliance Capital on Thursday said, it is hopeful of reducing its debt by ₹12,000 crore in the next 3-4 months, expecting the stake sale in Reliance Nippon…
Indian winemaker Grover Zampa secures fresh funding to launch new wines
Bengaluru-based India’s second largest winemaker Grover Zampa has raised ₹60 crores in a fresh funding round led by Singapore-based wine investor Ravi Vishwanathan, according to Grover Zampa and its filings…
PayU partners with Reliance Money; to offer app-based loans
Digital payments platform PayU India has partnered with a non-banking financial company Reliance Money, a part of Reliance Capital, to offer instant app-based personal loans to customers under LazyPay through…
Anil Ambani’s son Anmol enters boards of RHF and RNAM
Anmol Ambani, the eldest son of Reliance group chairman Anil Ambani, has been appointed on the boards of Reliance Nippon Life Asset Management (RNAM) and Reliance Home Finance (RHF). The…
Reliance General Insurance profit increases by 22% in Q1
In the first quarter of this fiscal year, Reliance General Insurance generated profit by 22%, as recorded on June 30.
Alibaba acquires Nikhil Vora’s Paytm stake for ₹150 Crores
Nikhil Vora, who owned 0.35% of shares in One97 Communication has sold his stake to Alibaba for ₹150 crores. Alibaba & Alipay now own 45% of total Paytm stake.