Mega Sale Domains @ Rs.99

Monday, August 15, 2011

Reliance Capital stock up 10% on Nippon deal

Reliance Capital stock up 10% on Nippon deal


Nippon Life would invest US$680mn or Rs. 30.62bn in Reliance Life Insurance, valuing the company at US$2.6bn




The shares of Reliance Capital ended higher at Rs. 561, up Rs. 49 or 9.7%, on the Nippon Life deal to acquire 26% stake in Reliance Capital.

Nippon Life would invest US$680mn or Rs. 30.62bn in Reliance Life Insurance, valuing the company at US$2.6bn.

The scrip had earlier touched a day's high of Rs. 565. it opened at the day' s low of Rs. 513.

The total traded quantity stood at 27.83 lakh shares on the BSE.

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