Breaking News

You are here » Indian-Commodity  :  Corporate  :  Reliance Capital gets nod for demerger scheme

25-Jul2017

Reliance Capital gets nod for demerger scheme

Financial services major Reliance Capital has received its shareholders approval for the demerger scheme for Reliance Home Finance. The demerger will facilitate the independent listing of Reliance Home Finance on the stock exchanges in the next few months.

The demerger scheme -- which will facilitate in the independent listing of Reliance Home Finance -- was approved by 99.59 per cent votes in favour of the 'Scheme of Arrangement' at the Tribunal-convened General Shareholders Meeting held on July 24, 2017.

Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.


Related News

View all news

Wipro enters into strategic partnership with Saxo Bank

Wipro and Saxo Bank Group, a leading multi asset trading, have entered into strategic partnership. Saxo Bank has chosen Topcoder, a Wipro company and the world's largest talent network and crowdsourcing......

Wipro features as leader in Everest Group's PEAK Matrix Assessment 2019

Wipro has been positioned as a leader in Everest Group's recent report on Application Services in Capital Markets - Services PEAK Matrix Assessment 2019: Data, Cloud and Platform Investments to Fuel Innovation......

Datamatics Global Services gets nod to merge Lumina Datamatics

Datamatics Global Services (DGSL) and Lumina Datamatics (Lumina) have received approval to merge the two companies into DGSL. The merged Company would then be vertically split into two companies, namely,......

Top News

View all news

Wipro enters into strategic partnership with Saxo Bank

Wipro and Saxo Bank Group, a leading multi asset trading, have entered into strategic partnership. Saxo Bank has chosen Topcoder, a Wipro company and the world's largest talent network and crowdsourcing......

Wipro features as leader in Everest Group's PEAK Matrix Assessment 2019

Wipro has been positioned as a leader in Everest Group's recent report on Application Services in Capital Markets - Services PEAK Matrix Assessment 2019: Data, Cloud and Platform Investments to Fuel Innovation......

Datamatics Global Services gets nod to merge Lumina Datamatics

Datamatics Global Services (DGSL) and Lumina Datamatics (Lumina) have received approval to merge the two companies into DGSL. The merged Company would then be vertically split into two companies, namely,......