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CCI clears Reliance Capital-Goldman Sachs deal

CCI clears Reliance Capital-Goldman Sachs deal

Competition Commission has given its approval to Reliance Capital Asset Management's proposed acquisition of global giant Goldman Sachs' mutual fund business in India for Rs 243 crore.

Reliance MF to acquire Goldman Sachs India MF biz for Rs 243 crore

Reliance MF to acquire Goldman Sachs India MF biz for Rs 243 crore

The transaction has been approved by the boards of the two companies and is expected to be completed in the current fiscal, RCAM's parent firm Reliance Capital said in a statement.

Nippon Life to hike stake in Reliance Life Insurance, MF biz: Anil Ambani

Nippon Life to hike stake in Reliance Life Insurance, MF biz: Anil Ambani

Zee Media Bureau

New Delhi: Anil Ambani on Wednesday said that Japanese financial services giant Nippon Life is in talks to hike its stake in Reliance Life Insurance from 26 percent to 49 percent and in Relaince MF from the existing 35 percent to 49 percent.

India's mutual funds base to top $325 bn by 2018: RCAM's Sikka

Riding on the overall positive mood on the Indian economy, the asset base of the mutual fund industry in the country is set to grow faster at 18.6 percent per annum to top Rs.20 lakh crore ($325 billion) by 2018, says a top industry expert.

Reliance Capital to double market capitalisation in 3-4 yrs: Ambani

Besides Reliance Capital, which has applied for universal banking licence, would explore all opportunities in the banking space.

Reliance MF to launch India-focussed funds abroad

RCAM is part of Anil Ambani-led business conglomerate Reliance Group's financial services arm Reliance Capital.

Reliance MF says group investments at 3.2% of AUM

The fund houses have so far not been disclosing the exact amount of investments by their group companies in their respective schemes.

RCAM to reach out to investors in semi-urban and rural areas

The company, which has been conducting awareness drive through its learning academy EDGE since 2010, has already educated two lakh investors through its awareness programme across 327 locations in 18 cities, a company official said.

RCAM crosses 2 lakh mark in investor awareness programme

Reliance Capital Asset Management (RCAM) Monday said it has crossed two lakh mark in its investor awareness programme and plans to reach out to as many as five lakh investors in next three years.

RCAM rejigs fixed income, debt strategy groups' top officials

RCAM alone manages over Rs 50,000 crore in debt assets.

Nippon Life signs final agreements to acquire 26% in RCAM

Japan's Nippon Life Insurance Co Thursday signed the final agreement to acquire a 26 percent stake in the Anil Ambani Group firm's fund management unit, Reliance Capital Asset Management Company for Rs 1,450 crore.