News Business Reliance Capital rallies 4% on talks of bidding for banking licence

Reliance Capital rallies 4% on talks of bidding for banking licence

New Delhi, June 26: Shares of Reliance Capital Ltd rallied on Wednesday nearly 4 per cent after the Anil Ambani Group Company roped in SumitomoMitsui Trust Bank and Nippon Life Insurance as minority partners to

reliance capital rallies 4 on talks of bidding for banking licence

India TV Business Desk June 26, 2013 10:53 IST

New Delhi, June 26: Shares of Reliance Capital Ltd rallied on Wednesday nearly 4 per cent after the Anil Ambani Group Company roped in SumitomoMitsui Trust Bank and Nippon Life Insurance as minority partners to boost its quest for banking licence.

Reliance Capital and its two Japanese partners, who have signed an MoU, will apply for a licence by July 1, the deadline set by the RBI, reports suggest.

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