Reliance Capital

1986
 
 
 - The Company was incorporated on 5th March, and obtained the
 Certificate for Commencement of Business on 27th March.  It was
 promoted by Reliance Industries Ltd.
 
 1990
 
 - The Company obtained permission from SEBI to take up merchant
 banking
 activities.  The Company undertook portfolio management services for
 reputed corporate clients.
 
 - 7,000 No. of equity shares subscribed for by signatories to the
 Memorandum of Association.
 
 1991
 
 - 199,93,000 No. of equity shares of Rs 10 each then issued at a par
 of
 which 9,93,000 shares were allotted to Indian Resident Directors,
 their
 friends, etc. 18,00,000 shares were allotted to Reliance Industries
 Ltd. 18,00,000 shares were allotted to investment companies in RIL
 Group.  The remaining 154,00,000 shares were offered for public
 subscription during April 1990, of which 10,00,000 shares were
 allotted
 on preferential basis to employees (including Indian working
 directors)/workers of the Company.  77,00,000 shares were allotted
 on
 preferential basis to shareholders of Reliance Industries, Ltd.  The
 balance 67,00,000 shares were allotted to public.
 
 1992
 
 - 18,70,000 No. of equity shares allotted to Arsina hotels on its
 amalgamation in January.  218,70,000 Rights equity shares (Prop. 
 1:1,
 Prem. Rs 30 per share) issued.  Another 9600 shares issued to
 employees
 (only 7500 shares taken up).
 
 1993
 
 - The Company issued 125,00,000-12% non-convertible unsecured
 redeemable debentures of Rs 100 each with one non-detachable warrant
 entitling the holder to apply for 2 equity shares of Rs 10 each at a
 premium of Rs 40 per shares.  Accordingly 250,00,000 shares were
 allotted on conversion of warrants.
 
 1994
 
 - Pursuant to a resolution at the Extra Ordinary General Meeting
 held
 at 12th February, the Company issued 137,00,000-12% non-convertible
 redeemable debentures of Rs 100 each to promoters having one warrant
 entitling the holder to receive 2 equity shares to Rs 10 each at a
 premium of Rs 40 per share within 12 months from the date of
 allotment.
 Accordingly 274,00,000 No. of equity shares were allotted.
 
 1995
 
 - The Company issued 142,29,500 Rights equity shares of Rs 10 each at
 a
 premium of Rs 40 per share in proportion 1:5.  Another 429,57,200
 shares at a premium of Rs 130 per share were issued through a
 Prospectus as follows: On firm allotment basis: (1) 107,14,300
 shares
 to promoters, directors, etc., (ii) 52,26,342 shares to Ind. Fin.
 Association (iii) 17,70,000 shares to Indian Mutual Funds. (iv)
 78,600
 shares to NRIs.
 
 - Of the remaining, following were reserved for allotment on a
 preferential basis: (i) 12,02,158 shares to Ind. Fin. Institutes
 (ii)
 46,58,500 shares to Mutual Funds (iii) 76,35,600 shares to NRIs on
 non-repatriation basis (iv) 15,000 shares to employees.
 
 - The Company plans to diversify its activities into money market
 operations, project finance advisory services, foreign exchange and
 every sphere of financial services.
 
 - 65,690 shares allotted.
 
 1996
 
 - The company had been allotted a plot by the Mumbai Metropolitan
 Region Development Authority (BMRDA) in the Bandra Kurla Complex,
 Mumbai.
 
 - During the year under review, the company sponsored the launch of
 the
 two maiden schemes of the Reliance Capital Mutual Fund.
 
 - Reliance Share & Stock Brokers Ltd. (RSSB), the company's 100%
 subsidiary engaged in the broking business, also made satisfactory
 progress during the year under review.
 
 - The Company's Fixed Deposit programme was accorded CARE AAA by
 Credit Analysis and Research Limited during the year.
 
 1997
 
 - Reliance Capital (RCL) has shelved its plans to enter into auto
 finance business because of a sluggish trend in the auto finance
 segment.
 
 - The Company has received an AAA rating from Credit Analysis and
 Research Ltd., for the proposed non-convertible debenture issue
 incidentally, its fixed deposit programme was also rated AAA.
 
 - The company sought a fresh rating raising the amount of the
 proposed
 issuer to Rs. 300 crore.
 
 - The Company has also become the first non-banking financial
 company
 to receive approval to act as a depository participant.
 
 - The company has been granted approval by the Securities and
 Exchange
 Board of India(SEBI) to act as an `Approved Intermediary' under the
 provisions of SEBI's Securities Lending Scheme, 1997.
 
 - The Company has appointed Spectrum Corporate Services Limited, as
 its
 Share Transfer Agents with effect from March 5, 1997.
 
 1998
 
 - The Company's bond/debenture programme is rated by Credit Analysis
 &
 Research Limited as CARE AA +, indicating that the instruments
 carrying this rating are judged to be of high quality by all
 standards,
 and as high investment grade.
 
 - During the year, the Company suspended acceptance/renewal of fixed
 deposits.  At the end of the financial year, there were 705 deposits
 aggregating Rs. 0.84 crores due for repayment but which remained
 unclaimed on the due dates.
 
 1999
 
 - Reliance Capital (RCL) has decided to move away from the
 traditional
 non-banking finance company (NBFC) mould and convert itself into a
 special purpose vehicle-cum-venture capital outfit, which will
 develop
 infrastructure projects and invest in infotech, the Internet, media
 and
 bio-tech start-ups.
 
 2002
 
 - Reliance Capital Ltd has annulled the forfeiture of 2200 equity
 shares which were earlier forfeited by the Company due to non-payment
 of allotment monies. Hence members should note that the above
 mentioned annulled shares will be good delivery in the market.
 
 2003
 
 -Reliance Capital has forfeited 12,61,455 Equity shares  due to
 non-payment of 
 allotment or call money.
 
 -Reliance capital, a NBFC of Reliance group is financing Reliance
 Indiamobile connections.
 
 -Securities and Exchange Board of India has exempted Reliance Capital
 Ltd from 
 making an open offer to the shareholders of BSES following its
 proposed acquisition
 of stake in the power generation company.
 
 - Shifted the Company's registered office from Avdesh House, 2nd
 Floor, Pritam Nagar 1st Slope, Ellisbridge, Ahmedabad 380006 in the
 State of Gujarat to Village Meghpar/Padana, Taluka Lalpur, Dist.
 Jamnagar 361280, in the State of Gujarat.
 
 2004
 
 --Reliance Capital Limited acquires  11,24,209 shares representing
 5.23% of the total shareholding/voting rights of Adlabs Films Limited
 through open market.
 
 -The Acquirer is making an Open Offer to the public shareholders of
 Reliance Capital Ltd (Target Company) to acquire upto 5,14,61,249
 fully paid up equity shares, representing 20% of the fully expanded
 voting equity capital of the Target Company (including the entire
 share allotment as well as warrants) at a price of Rs 231 (Rupees Two
 hundred and thirty one only) for each Share of the Target Company
 (Offer price) to be paid in cash in accordance with the Regulations.
 
 
 2005
 
 -Reliance Capital Forays into Life Insurance