Reliance Capital is currently trading at Rs. 29.55, up by 0.55 points or 1.90% from its previous closing of Rs. 29.00 on the BSE.
The scrip opened at Rs. 29.00 and has touched a high and low of Rs. 30.90 and Rs. 28.35 respectively. So far 1684831 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 340.05 on 24-Sep-2018 and a 52 week low of Rs. 27.80 on 23-Sep-2019.
Last one week high and low of the scrip stood at Rs. 36.05 and Rs. 27.80 respectively. The current market cap of the company is Rs. 754.34 crore.
The promoters holding in the company stood at 41.71%, while Institutions and Non-Institutions held 27.00% and 31.27% respectively.
Reliance Capital’s deal to sell its entire stake in mutual fund arm to joint venture partner Japan’s Nippon Life Insurance is likely to be completed by the end of September 2019. Post-stake-sale, Nippon Life Insurance will own 75 percent stake in Reliance Nippon Life Asset Management (RNAM) for the long term, and the rest will be owned by the public, including few marquee investors.
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.