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Reliance Capital is currently trading at Rs. 417.55, up by 9.30 points or 2.28% from its previous closing of Rs. 408.25 on the BSE.
The scrip opened at Rs. 408.50 and has touched a high and low of Rs. 422.80 and Rs. 407.25 respectively. So far 338234 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 550.00 on 04-Dec-2014 and a 52 week low of Rs. 250.80 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 422.80 and Rs. 389.90 respectively. The current market cap of the company is Rs. 10573.95 crore.
The promoters holding in the company stood at 52.64% while Institutions and Non-Institutions held 27.67% and 19.45 respectively.
Nippon Life Insurance (NLI), a Fortune 500 company and one of the largest life insurers in the world, has signed definitive agreements to increase its stake in Reliance Life Insurance (RLIC), a part of Reliance Capital from the existing 26 percent to 49 percent. The Japanese company will be investing an aggregate value of Rs 2,265 crore ($ 348 million) to acquire an additional 23 percent stake in Reliance Life Insurance to reach a 49 per cent stake. The transaction pegs Reliance Life Insurance’s valuation at approximately Rs 10,000 crore, amongst the highest valuations for any Life Insurance company in the country. The proposed stake increase has been approved by boards of both the companies.
NLI’s investment also represents an implied Embedded Value (EV) multiple of over 3 times for Reliance Life Insurance, the highest for any private insurer in India till date. NLI would have invested an aggregate of Rs 5,327 crore for acquiring 49 percent stakes in Reliance Life Insurance with this transaction. NLI has also committed an investment of Rs 3,303 crore for acquiring 49 percent stake in Reliance Capital Asset Management, thereby taking its total investment to Rs. 8,630 crore the largest FDI in the financial services sector. In line with the new shareholding structure, the name of the company will also be changed to Reliance Nippon Life Insurance Company.
Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 6923.80 |
| Shriram Finance | 3151.40 |
| Aditya Birla Capital | 206.20 |
| SBI Cards AndPayment | 694.05 |
| Mah & Mah Finl. Serv | 273.35 |
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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