Reliance Cap shares surge over 11%; m-cap climbs Rs 1,186 cr

Last Updated: Thursday, March 12, 2015, 19:47

Shares of Reliance Capital soared over 11 percent, adding Rs 1,185.78 crore to its market valuation, after the company announced completing sale of 2.77 percent stake for Rs 371 crore to Japan's Sumitomo Mitsui Trust Bank.

Japan's Sumitomo Mitsui Trust Bank buys Reliance Capital stake

Last Updated: Thursday, March 12, 2015, 12:29

Preparing for its banking foray, Reliance Capital has completed sale of 2.77 per cent stake for Rs 371 crore to Japan's Sumitomo Mitsui Trust Bank, which would be a strategic partner in the proposed bank.

Japanese bank acquires Rs 371 crore stake in Reliance Capital

Last Updated: Friday, January 23, 2015, 16:51

The Japan-based Sumitomo Mitsui Trust Bank (SMTB) has acquired a minority stake in the Anil Ambani-led Reliance Capital Ltd (RCL) -- part of the Reliance Group -- for Rs 371 crore.

Sumitomo Mitsui may take up to 10% stake in Reliance Bank

Last Updated: Sunday, December 28, 2014, 15:19

As it awaits final RBI guidelines to apply for a universal banking license, Reliance Capital will consider giving up to 10 percent stake to its newly-signed strategic partner Sumitomo Mitsui Trust Bank of Japan in its proposed bank.

RCap to seek shareholders nod next month for stake sale to SMTB

Last Updated: Friday, December 26, 2014, 19:41

Reliance Capital will seek shareholders' approval for an initial stake sale of 2.77 per cent in the company to Japan's Sumitomo Mitsui Trust Bank (SMTB) at its extraordinary general meeting (EGM) next month.

Reliance Cap ropes in Japan's SMTB as strategic partner

Last Updated: Thursday, December 25, 2014, 16:12

Firming up its plans to set up a bank, Anil Ambani group firm Reliance Capital on roped in Japan's Sumitomo Mitsui Trust Bank (SMTB) as a strategic partner to collaborate on various businesses, including in its proposed banking venture.