Reliance Capital surges after inviting bids for sale of subsidiaries

04 Nov 2020 Evaluate

Reliance Capital is currently trading at Rs. 8.71, up by 0.07 points or 0.81% from its previous closing of Rs. 8.64 on the BSE.

The scrip opened at Rs. 8.60 and has touched a high and low of Rs. 8.95 and Rs. 8.54 respectively. So far 107430 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.00 on 11-Nov-2019 and a 52 week low of Rs. 3.70 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 9.56 and Rs. 8.05 respectively. The current market cap of the company is Rs. 219.86 crore.

The promoters holding in the company stood at 1.51%, while Institutions and Non-Institutions held 3.93% and 94.57% respectively.

Reliance Capital (RCL) has invited bids for sale of its subsidiaries, including Reliance General Insurance and Reliance Nippon Life Insurance, to repay loans of about Rs 20,000 crore. The process for inviting Expression of Interest (EOI) for its key assets was launched on October 31, 2020, with a view to unlock value of its underlying businesses and targets to make RCL debt free.

EOIs invited for all or part of RCL's stake of subsidiaries Reliance General Insurance, Reliance Nippon Life Insurance Company, Reliance Securities, Reliance Financial and Reliance Asset Reconstruction.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.

Reliance Capital Share Price

11.79 0.00 (0.00%)
26-Feb-2024 16:59 View Price Chart
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