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No talks for Federal Bank stake: RIL Cap

November 08, 2005 13:16 IST
Anil Ambani-controlled Reliance Capital Ltd said on Tuesday that it did not have any discussions with ICICI Bank for picking up its stake in Federal Bank.

"Reliance Capital has not had any discussions with ICICI Bank for picking up ICICI Bank's stake in Federal Bank nor any proposal has been made in this regard," Reliance Capital said in a communique to the Stock Exchanges.

Federal Bank, LKB call off merger

This was in reference to a news item, which appeared in a leading daily on Monday.

The company further said the news item was factually incorrect and speculative in nature.

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