Anil Ambani's Reliance Capital inches closer to exiting MF biz

Close to 21.5 per cent of this will be sold to Japan’s Nippon Life, which will then become the sole promoter of the fund house. Anil Ambani-led Reliance Capital will sell up to 6.3 per cent......

Paytm may buy Rana Kapoor's stake in Yes Bank

Kapoor and his associate entities owned 10.6 per cent in the bank at the end of June 2019. Rana Kapoor, co-founder of YES Bank, is said to be in talks with One97 Communications, owner of Paytm, to......

Hindujas tap private credit, foreign banks for RCap buy

The Hinduja group is learnt to be looking at alternative means of financing, including private credit, to fund its Rs 9,661 crore all-cash offer to acquire Reliance Capital. Photograph: Courtesy,......

Tata AIG, ICICI Lombard join race for RCap's assets

Tata AIG, ICICI Lombard and Nippon Life have evinced interest for the profit-making insurance arm of Reliance Capital (RCap), joining several prominent financial companies from India and abroad in......