Reliance Capital surges on stake sale reports to Sumitomo Mitsui
27/06/2014 11:05
Shares of Reliance Capital rose over 2 per cent in early trade on Bombay Stock Exchange (BSE) after ET reported that Japanese financial services giant Sumitomo Mitsui Trust Holdings Inc may buy a 10 per cent stake in the Anil Ambani-led company by paying $400 million (Rs 2,400 crore at current exchange rates) for new shares, a person with direct knowledge of the talks said. The shares of company rose as much as 2.20 per cent to trade at Rs 637.50 a piece on the BSE. However, shares of the company rose 2.39 per cent to Rs 638.45 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,192.50, up 129.83 points or 0.52 per cent at 11.00 hours.
27/06/2014 11:05
Shares of Reliance Capital rose over 2 per cent in early trade on Bombay Stock Exchange (BSE) after ET reported that Japanese financial services giant Sumitomo Mitsui Trust Holdings Inc may buy a 10 per cent stake in the Anil Ambani-led company by paying $400 million (Rs 2,400 crore at current exchange rates) for new shares, a person with direct knowledge of the talks said. The shares of company rose as much as 2.20 per cent to trade at Rs 637.50 a piece on the BSE. However, shares of the company rose 2.39 per cent to Rs 638.45 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,192.50, up 129.83 points or 0.52 per cent at 11.00 hours.
