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17-Oct2017

Reliance Capital's arm to earmark Rs 165 crore for inorganic growth

Reliance Capital's subsidiary, Reliance Nippon Life Asset Management (RNAM), will earmark Rs 165 crore for inorganic growth including acquisition of mutual fund companies. The company would earmark Rs 165 crore for the inorganic growth out of the Rs 617 crore it plans to garner from the issue of fresh shares at the upper price band.

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.



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