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Reliance Capital is currently trading at Rs 320.30, up by 5.10 points or 1.62% from its previous closing of Rs 315.20 on the BSE.
The scrip opened at Rs 319.00 and has touched a high and low of Rs 327.00 and Rs 310.05 respectively. So far 1324137 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 881.90 on 07-Oct-2010 and a 52 week low of Rs 312.00 on 30-Sep-2011.
Last one week high and low of the scrip stood at Rs 411.40 and Rs 312.00 respectively. The current market cap of the company is Rs 7742.35 crore.
The promoters holding in the company stood at 54.14% while Institutions and Non-Institutions held 27.34% and 17.87% respectively.
Reliance Capital has received approval from the Reserve Bank of India (RBI) for its proposed stake sale in Reliance Life Insurance, one of India's largest life insurers. The company had signed a definitive agreement with Nippon Life Insurance to sell 26 percent stake in Reliance Life Insurance earlier this year, subject to regulatory approvals. The Insurance Regulatory and Development Authority (IRDA) had already granted its in-principle approval for the proposed stake sale. The regulator would now be granting final approval for completing the transaction. Reliance Capital is delighted to receive the RBI approval bringing it closer to concluding this transaction very shortly.
As per the agreement, Nippon Life Insurance will invest an aggregate value of Rs. 3,062 crore ($680 million) to acquire a 26 percent strategic stake in Reliance Life Insurance. This transaction pegs the total valuation of Reliance Life Insurance at approximately Rs 11,500 crore ($2.6 billion).
Reliance Capital has interests in asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking, depository services, distribution of financial products, investment banking, wealth management services, commercial finance, exchanges and other activities in financial services.
Nippon Life is a 122 year old Global fortune 100 company, 7th largest life insurer in the world, and the no. 1 private life insurer in Asia and Japan.
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| Shriram Finance | 3137.50 |
| Aditya Birla Capital | 203.20 |
| SBI Cards AndPayment | 688.10 |
| Mah & Mah Finl. Serv | 270.75 |
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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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