Reliance Capital
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Epic Research Update : Reliance Capital

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Reliance Capital
Epic Update Reliance Capital

Announces strategic alliance with Sumitomo Mitsui Trust Bank of Japan (Japan’s fourth largest bank)

Sumitomo Mitsui Trust Bank to take initial 2.77 percent stake in Reliance Capital -2.77 percent stake amounts to Rs 371 crore (USD 58.4 Million) through preferential allotment

Investment at Rs 530/share (Last trading price = Rs 497, a premium of 6.5 percent over Wednesday’s close)

Company to establish New Bank in India with support of Sumitomo Mitsui Trust Bank as strategic partner as and when RBI policy permits

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