Reliance Capital
Reliance Capital is the financial arm of India's Reliance - Anil Dhirubhai Ambani Group. Owner is the Indian businessman Anil Ambani.
Reliance Capital has a market value of about 962 million euros ( Rs 56 662 million ) (as at 30 September 2007).
The shares are traded on the Bombay Stock Exchange under the ticker symbol 500111 but are not part of India's largest stock exchange index BSE Sensex. A stock cost on 12 February 2008 about 1,700 Indian rupees or 28.80 Euros. In addition, the shares on the National Stock Exchange in Mumbai are traded under the symbol RELCAPITAL, allowances are traded under the number US75945L1035 also on the Luxembourg Stock Exchange. According to the company a little more than half of the shares issued were in the domestic, Indian privately owned, about another quarter was owned by foreign, institutional investors.
Business
- Reliance Capital is an Indian financial group investment funds, life insurance, insurance companies, offering banking services etc..
- Reliance Mutual Fund is one of India's largest mutual fund with a managed fund assets of approximately 13,222 million euro ( 777 650 million Rs) and over 4.2 million investors.
- Reliance Life Insurance is one of India's largest life insurer with over 700 branches and over 150,000 insurance agents.
- Reliance General Insurance is one of India's largest insurance companies with over 200 stores in 170 cities with over 25,000 insurance agents. It offered insurance for cars, health, land, ships, accidents and liability.
- Reliance Money is a stock market portal with online stock market trading. In April 2007, it had over 300,000 customers in over 4,300 outlets in India.
- Reliance Consumer Finance provides loans to consumers.