Mumbai: Hopeful of getting a banking licence for 'Reliance Bank', industrialist Anil Ambani today said this proposed venture will help lower Reliance Capital's debt to one-fourth of current levels an

Reliance Capital on Friday said it has completed sale of 26 per cent stake in its asset management and mutual fund unit to Japanese financial services giant Nippon Life for Rs 1,450 crore.

Reliance Capital on Wednesday said it has got approval from the Indian market regulator Sebi and the Monetary Authority of Singapore (MAS) for Rs 1,450-crore stake sale in its mutual fund business uni

The Reserve Bank of India has approved Anil Ambani-led Reliance Group's Rs 1,450-crore stake sale in its mutual fund business unit to Japan's Nippon Life.

The diversified conglomerate's financial ser

The Anil Ambani Group's financial services arm Reliance Capital today said it has received in- principle approval from insurance sector regulator Insurance Regulatory Development Authority for its pro