Business

Reliance Capital gets overwhelming response from investors to 3rd OFS of RNAM shares

Mumbai: Anil Ambani-led Reliance Capital said on Friday it has got an overwhelming response from investors for the third offer for sale (OFS) announced earlier this week to sell its 6.31 per cent shareholding in Reliance Nippon Life Asset Management Ltd (RNAM).

“Institutional and retail investors bid for over 260 per cent of the base offer size,” it said in a statement.

Reliance Capital has sold 17.06 per cent of its shareholding in RNAM in three successive offers aggregating over Rs 2,480 crore.

“The entire RNAM stake monetisation proceeds of Rs 6,000 crore to be received through RNAM stake sale by the offer for sale and transaction with Nippon Life Insurance Company of Japan will be utilised to reduce Reliance Capital’s outstanding debt,” it said.

“Based on this and other asset monetisation deals presently underway, Reliance Capital expects to reduce its debt by at least Rs 12,000 crore or 70 per cent in the current financial year.” JM Financial acted as selling brokers for the offer for sale.

34 Comments

34 Comments

  1. Pingback: We waited 롤 at Washington to 롤 대리 승률 yesterday.

  2. Pingback: this page

  3. Pingback: concrete floor coating

  4. Pingback: asigo system reviews 2020

  5. Pingback: akc english bulldog puppies for sale in georgia

  6. Pingback: Best CBD capsules

  7. Pingback: click here

  8. Pingback: rebel replica watches

  9. Pingback: bitcoin evolution review

  10. Pingback: PI News Wire

  11. Pingback: robotic process automation testing

  12. Pingback: Automated regression testing services

  13. Pingback: home

  14. Pingback: KIU

  15. Pingback: fake rolex ebay

  16. Pingback: canlı casino siteleri 2021

  17. Pingback: liquid lsd for sale

  18. Pingback: Replica rolex mens submariner watches

  19. Pingback: บาคาร่า1688

  20. Pingback: ip booter

  21. Pingback: Cloud DevOps consulting

  22. Pingback: Qu'est-ce qui est accepté pour la publicité ? - Finday ?Qu'est-ce qui est autorisé pour la publicité ? - Finday ?

  23. Pingback: sbo

  24. Pingback: sbo

  25. Pingback: beretta 1301 tactical gen 2

  26. Pingback: mp3 juice

  27. Pingback: buy ssauerfirearms

  28. Pingback: jettes un coup d'oeil à

  29. Pingback: Where to buy magic mushroom online Perth

  30. Pingback: white albino mushrooms strain AU

  31. Pingback: cartel oil co

  32. Pingback: health tests

  33. Pingback: https://bostitch.co.uk/?URL=https://phforums.co.za/

Leave a Reply

Your email address will not be published.

five × four =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us