Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
Reliance Capital Ventures
| ||||
Tracked by: 0 Boarder
Buy REL CAP for 1159,1200 ..................s&m...
Tracked by: 0 Boarder
thanks,rvk41,for good news, at least i have 3 shares to profit from,,PHK,,...
In reply to:
Expansion--Rs 20 bn--3 to 5 years
Posted by :
rvk41
Reliance Capital, part of the Reliance ADAG group, is planning to pump in Rs 20 billion over the next three to five years in its insurance business; it has also drawn plans to enter the banking, home loans and consumer finance businesses, reports Business Line.
The group will foray into banking upon receiving the necessary regulatory permits.
The company will venture into the home loans business and establish a non-banking financial company for its consumer finance business.
The company is also looking at expanding into the businesses of liability insurance, hull and marine insurance.
Anil Ambani said that the company has received regulatory approval to set up AMC operations in the UK and is also considering launching new funds in the South East Asian markets.
The firm has also announced a dividend of 55% for fiscal 2007-2008.
For information,with regards
rvk41
Tracked by: 0 Boarder
Reliance Capital, part of the Reliance ADAG group, is planning to pump in Rs 20 billion over the next three to five years in its insurance business; it has also drawn plans to enter the banking, home loans and consumer finance businesses, reports Business Line.
The group will foray into banking upon receiving the necessary regulatory permits.
The company will venture into the home loans business and establish a non-banking financial company for its consumer finance business.
The company is also looking at expanding into the businesses of liability insurance, hull and marine insurance.
Anil Ambani said that the company has received regulatory approval to set up AMC operations in the UK and is also considering launching new funds in the South East Asian markets.
The firm has also announced a dividend of 55% for fiscal 2007-2008.
For information,with regards
rvk41
...
Tracked by: 0 Boarder
Indian financial services firm Reliance Capital Ltd plans to set up a housing finance subsidiary and a non-banking finance company, Chairman Anil Ambani said on Tuesday.
“Reliance Capital, a unit of the Anil Dhirubhai Ambani Group, has made the necessary applications and is awaiting regulatory approvals,” he said at a shareholders’ meeting.
Reliance Capital will invest more than Rs40 billion ($860 million) across its portfolio including insurance over the next three to five years, he said.
For information,with regards
rvk41...
Tracked by: 0 Boarder
In its efforts to retain senior managerial staff, Anil Ambani Group\'s Reliance Capital is giving out stock options worth over Rs 130 crores to about 350 employees across five of its business verticals.
“The letter for subscription of the employee stock options (ESOPs) have been issued to 21 per cent of eligible employees at the managerial levels across the group\'s verticals including life and general insurance, consumer finance, brokerage and asset management,” Reliance Cap CEO Mr Sam Ghosh said over telephone from Mumbai.
The allotment process was likely to be completed before the end of this month, he said, adding the move would benefit close to 350 employees. Reliance Capital has about 2,500 employees who are eligible for ESOPs.
Reliance Cap is the second company from the ADA Group to come out with employee stock options after Reliance Communications, which had announced the ESOPs for over 20,000 employees in March this year. n PTI...
More from the Finance - General Sector
Boarders tracking Rel Capital Ven
see more
Explore Moneycontrol
