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{{Short description|Indian Financial Services company}}
{{Update|date=July 2025}}
{{Use Indian English|date=August 2021}}
{{Use dmy dates|date=November 2020}}
{{Infobox company
| name = IndusInd Capital
| logo =
| former_name = Reliance Capital & Finance Trust Limited (1986 - 1995) Reliance Capital Limited (1995 - 2025)
| type = [[Private company|Private]]
| predecessor =
| foundation = {{Start date and age|1986|03|05|df=yes}}
| location = [[DAKC]], [[Navi Mumbai]], India
| founder = [[Dhirubhai Ambani]]
| key_people = Shri Arun Tiwari (Chairman)
| industry = [[Financial services]]
| products = {{ubl|[[Asset management]]|[[Mutual funds]]|[[Life insurance]]|[[General insurance]]|[[Commercial finance]]|[[Stock broking]]|[[Wealth management]]|[[Private equity]]}}
| revenue = {{increase}}{{INRConvert|24443|c}} (2024)<ref name="Financials">{{cite web |last1=Com |first1=Moneycontrol |url=https://www.moneycontrol.com/india/stockpricequote/finance-investments/reliancecapital/RC |title=Reliance Capital Ltd. Financial Statements |website=moneycontrol.com |access-date=11 April 2020 |archive-date=11 May 2020 |archive-url=https://web.archive.org/web/20200511025435/https://www.moneycontrol.com/india/stockpricequote/finance-investments/reliancecapital/RC |url-status=live }}</ref>
| operating_income = {{increase}}{{INRConvert|477|c}} (2024)<ref name="Financials"/>
| net_income = {{increase}}{{INRConvert|432|c}} (2024)<ref name="Financials"/>
| assets = {{up}}{{INRConvert|74986|c}} (2024)<ref name="Financials"/>
| equity = {{up}}{{INRConvert|-11127|c}} (2024)<ref name="Financials"/>
| num_employees = 18,360 (2021)<ref name="Financials"/>
| subsid = [[IndusInd Nippon Life Insurance]] [[IndusInd General Insurance]] Reliance Commercial Finance [[IndusInd Securities]] Reliance Asset Reconstruction [[National Pension System]]<ref>{{cite web|url=https://www.reliancecapital.co.in/|title=Welcome to Reliance Capital|website=reliancecapital.co.in|access-date=11 April 2020|archive-date=30 August 2019|archive-url=https://web.archive.org/web/20190830041016/https://www.reliancecapital.co.in/|url-status=live}}</ref>
| parent = IndusInd International Holdings Ltd ([[Hinduja Group]])
| homepage = {{url|www.reliancecapital.co.in}}
| footnotes =
}}
'''IndusInd Capital Limited''' (formerly ''Reliance Capital'') is an Indian [[financial services]] company.<ref name="times rel">{{cite web |url=http://timesofindia.indiatimes.com/business/india-business/reliance-capital-q4-net-at-rs-417-crore/articleshow/58401480.cms |title=Reliance Capital Q4 Results: Reliance Capital Q4 net at Rs 417 crore - Times of India |website=timesofindia.indiatimes.com |access-date=13 January 2022 |archive-url=https://web.archive.org/web/20170428055822/http://timesofindia.indiatimes.com/business/india-business/reliance-capital-q4-net-at-rs-417-crore/articleshow/58401480.cms |archive-date=28 April 2017 |url-status=dead}}</ref><ref name="bus stan rel">{{cite web|url=https://www.business-standard.com/article/news-ians/reliance-capital-q4-net-at-rs-417-crore-117042701057_1.html|title=Reliance Capital Q4 net at Rs 417 crore|date=27 April 2017|work=Business Standard|access-date=11 April 2020|archive-date=11 April 2020|archive-url=https://web.archive.org/web/20200411164410/https://www.business-standard.com/article/news-ians/reliance-capital-q4-net-at-rs-417-crore-117042701057_1.html|url-status=live}}</ref>

It has businesses in [[asset management]], [[mutual funds]], [[life insurance]] and [[general insurance]], [[commercial finance]], home finance, [[stock broking]], [[wealth management]] services, distribution of financial products, [[private equity]], asset reconstruction, proprietary investments and other activities in financial services.

==History==
IndusInd Capital was incorporated in 1986 at [[Ahmedabad]] in [[Gujarat]] as ''Reliance Capital & Finance Trust Limited''. After its name was changed to Reliance Capital (RC) on January 5, 1995, it obtained its registration as a non-banking company (NBFC) in December 1998.<ref>{{cite web|url=http://www.bseindia.com/downloads/ipo/2009720142048Rel%20cap%20INFORMATION%20MEMORANDUM%20-%20862%20crore%20-%20final.pdf|title=Reliance Capital NBFC|publisher=BSE|date=12 May 2009|accessdate=4 July 2014|archive-date=23 September 2015|archive-url=https://web.archive.org/web/20150923221317/http://www.bseindia.com/downloads/ipo/2009720142048Rel%20cap%20INFORMATION%20MEMORANDUM%20-%20862%20crore%20-%20final.pdf|url-status=live}}</ref>

Having shifted its registered office to Jamnagar in Gujarat, Reliance Capital finally moved to [[Mumbai]] in [[Maharashtra]] four years later.<ref>{{cite web|url=http://www.reliancecapital.co.in/about_chistory.html|title=Reliance Capital Board |publisher=Reliance Capital|date=12 May 2011 |accessdate=4 July 2014}}</ref> In 2006, it merged with Reliance Capital Ventures, increasing its shareholder base from 0.15 million to 1.3 million.

RC entered the capital market with a maiden public issue in 1990 and in subsequent years further tapped the capital market through rights issue and public issues. Initially listed on the [[Ahmedabad Stock Exchange|Ahmedabad]] and Mumbai Stock Exchanges, its equity shares are listed on the latter and on the [[National Stock Exchange of India]].<ref>{{cite web|url=http://economictimes.indiatimes.com/reliance-capital-ltd/infocompanyhistory/companyid-13189.cms|title=Reliance Capital History|work=The Economic Times|date=12 May 2011|accessdate=4 July 2014|archive-date=3 July 2014|archive-url=https://web.archive.org/web/20140703222829/http://economictimes.indiatimes.com/reliance-capital-ltd/infocompanyhistory/companyid-13189.cms|url-status=live}}</ref>

In 2019, auditors of [[PwC]] resigned claiming that they were not allowed to carry on their audits if Reliance prevented it from exercising independent judgment in making a report to the members of the company.<ref>{{cite web|url=https://www.businessinsider.in/anil-ambani-reliance-capital-auditor-pwc-resigns/articleshow/69750766.cms|title=The auditor to Anil Ambani firm Reliance Capital says it wasn't allowed to do its job|website=Business Insider|access-date=2019-06-17}}</ref> Although RC denied any wrongdoing, auditors revealed that the recoverable amount of {{INR}}7083 crore was in fact misappropriated intercorporate deposits from other Reliance firms.<ref>{{cite web|url=https://www.businessinsider.in/anil-ambani-owned-rel-infra-auditor-says-money-missing/articleshow/69819256.cms|title=Anil Ambani company Reliance Infra's auditors reveal all, say there is missing money on balance sheet|website=Business Insider|access-date=2019-06-17|archive-date=5 July 2019|archive-url=https://web.archive.org/web/20190705170650/https://www.businessinsider.in/anil-ambani-owned-rel-infra-auditor-says-money-missing/articleshow/69819256.cms|url-status=dead}}</ref>

The Indian firm had [[Anil Ambani]] as its promoter and chairman until November 2021, when the [[Reserve Bank of India]] (RBI) superseded the RC board in view of [[Default (finance)|payment defaults]] and serious governance issues.

In December 2025, nine months after being sold to the [[Hinduja Group]],<ref>{{cite news |title=Reliance Capital finally comes under Hinduja fold |url=https://indianexpress.com/article/business/reliance-capital-finally-comes-under-hinduja-fold-9893410/ |access-date=8 July 2025 |work=The Indian Express |date=19 March 2025 |language=en |archive-date=8 July 2025 |archive-url=https://web.archive.org/web/20250708214426/https://indianexpress.com/article/business/reliance-capital-finally-comes-under-hinduja-fold-9893410/ |url-status=live }}</ref> the company changed its name to IndusInd Capital Limited.

== Operations ==
Reliance Capital's prominent businesses are as follows:<ref>{{cite web|url=http://www.business-standard.com/stocks/company-overview/1866-reliance-capital|title=Reliance Capital Rating|work=Business Standard|date=12 July 2014|accessdate=14 July 2014|archive-date=15 July 2014|archive-url=https://web.archive.org/web/20140715002937/http://www.business-standard.com/stocks/company-overview/1866-reliance-capital|url-status=live}}</ref>

===Reliance General Insurance===
{{Infobox company
| name = Reliance General Insurance Company Limited
| logo = File:Reliance General Insurance.jpg
| type = [[Private company|Private]]
| foundation = 2001
| location = [[Mumbai]], [[India]]
| industry = [[Insurance]]
| products = [[General insurance|General]], [[Vehicle insurance|vehicle]], [[Health insurance|health]], [[Travel insurance|travel]], and [[home insurance]]
| key_people = Rakesh Jain, Executive Director and CEO
| net_income =
| num_employees =
| parent = Reliance Capital
| homepage = {{url|https://www.reliancegeneral.co.in}}
}}

{{main|Reliance General Insurance}}

[[Reliance General Insurance]] Company Limited is an Indian [[insurance company]], part of Reliance Capital Ltd. The firm has a 7.3% market share in the private sector and has the largest agency channel, with over 24,500 agents. The CEO and Executive Director is Rakesh Jain.<ref>{{cite web|url=https://www.financialexpress.com/market/reliance-general-insurance-ipo-inches-ahead-files-draft-papers-with-sebi/807599/|title=Reliance General Insurance IPO inches ahead; company files draft papers with IRDA|date=14 August 2017|access-date=11 April 2020|archive-date=11 April 2020|archive-url=https://web.archive.org/web/20200411164408/https://www.financialexpress.com/market/reliance-general-insurance-ipo-inches-ahead-files-draft-papers-with-sebi/807599/|url-status=live}}</ref>

The company has strengthened and diversified its distribution network by forging partnerships with major banks. Reliance General Insurance is an active participant in various government crop insurance schemes, including the Pradhan Mantri Fasal Bima Yojna, and has insured over 3 million farmers under this financial inclusion initiative. The total gross written premium (GWP) for the year which ended 31 March 2017, was {{INRconvert|40.07|b}}.<ref>{{cite news|url=https://timesofindia.indiatimes.com/business/india-business/reliance-general-insurance-eyes-acquisition/articleshow/58613282.cms|title=Reliance General Insurance: Reliance General Insurance eyes acquisition – Times of India|website=The Times of India|date=10 May 2017|archive-date=11 January 2019|access-date=11 April 2020|archive-url=https://web.archive.org/web/20190111020939/https://timesofindia.indiatimes.com/business/india-business/reliance-general-insurance-eyes-acquisition/articleshow/58613282.cms|url-status=live}}</ref><ref>{{cite web|url=https://www.financialexpress.com/money/reliance-general-insurance-logs-rs-4007-cr-premium-in-fy17/644390/|title=Reliance General Insurance logs Rs 4,007 cr premium in FY17|date=27 April 2017|access-date=11 April 2020|archive-date=11 April 2020|archive-url=https://web.archive.org/web/20200411164405/https://www.financialexpress.com/money/reliance-general-insurance-logs-rs-4007-cr-premium-in-fy17/644390/|url-status=live}}</ref> Reliance General Insurance (RGI) offers insurance for auto, health, home, property, travel, marine, commercial and other specialty products.<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2013-07-12/news/40536462_1_reliance-general-insurance-gross-written-premium-april-june-period |archive-url=https://web.archive.org/web/20130720075827/http://articles.economictimes.indiatimes.com/2013-07-12/news/40536462_1_reliance-general-insurance-gross-written-premium-april-june-period |url-status=dead |archive-date=20 July 2013 |title=Reliance General Q1 gross written premium up 25% at Rs 706 crore |work=The Economic Times|accessdate=2013-07-30}}</ref>

===Reliance Commercial Finance===

Reliance Commercial Finance is among the leading lenders in the Indian non-banking finance sector. The CEO and Executive Director of the company is Devang Mody.<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/banking/finance/reliance-commercial-finance-appoints-devang-mody-as-ceo/articleshow/57628320.cms|title=Reliance Commercial Finance appoints Devang Mody as CEO|date=14 March 2017|work=The Economic Times|access-date=11 April 2020|archive-date=5 January 2021|archive-url=https://web.archive.org/web/20210105055437/https://economictimes.indiatimes.com/industry/banking/finance/reliance-commercial-finance-appoints-devang-mody-as-ceo/articleshow/57628320.cms|url-status=live}}</ref>

The company has an operational presence of over 44 locations in India and an AUM of 16759 Cr. as in March 2017. Reliance Commercial Finance offers a wide range of products which include business expansion loans, property loans, vehicle loans, construction equipment loans, infrastructure, microfinance and agriculture loans. The company had a loan book at ₹124.36 billion (US$2.1 billion) as on 31 March 2017, with over 268,278 customers (including microfinance) across India.<ref name="times rel"/><ref name="bus stan rel"/>

===Reliance Home Finance Limited===

Ravindra Sudhalkar is the CEO and Executive Director of the company.<ref>{{cite web|last1=India|first1=Press Trust of|url=https://www.business-standard.com/article/pti-stories/ravindra-sudhalkar-is-reliance-home-finance-s-new-ceo-116100300575_1.html|title=Ravindra Sudhalkar is Reliance Home Finance's new CEO|agency=Press Trust of India|date=3 October 2016|work=Business Standard|access-date=11 April 2020|archive-date=11 April 2020|archive-url=https://web.archive.org/web/20200411164408/https://www.business-standard.com/article/pti-stories/ravindra-sudhalkar-is-reliance-home-finance-s-new-ceo-116100300575_1.html|url-status=live}}</ref>

Reliance Home Finance Limited (RHF), a 100% subsidiary of Reliance Capital, provides home loans, LAP, construction finance, and affordable housing loans. The company has over 1,750 distributors serving over 33,300 customers across 90 locations, through a [[hub and spoke]] model, across the country.<ref>{{cite web|url=https://www.thehindubusinessline.com/money-and-banking/reliance-home-finance-net-doubles-in-fy17/article9664473.ece|title=Reliance Home Finance net doubles in FY17|website=@businessline|date=26 April 2017|access-date=11 April 2020|archive-date=11 April 2020|archive-url=https://web.archive.org/web/20200411164405/https://www.thehindubusinessline.com/money-and-banking/reliance-home-finance-net-doubles-in-fy17/article9664473.ece|url-status=live}}</ref><ref>{{cite web|url=http://businessworld.in/article/-Our-Focus-Is-To-Manage-The-Customer-s-Entire-Journey-Right-From-Awareness-To-Purchase-/14-05-2017-118129|title='Our Focus Is To Manage The Customer's Entire Journey Right From Awareness To Purchase'|first=Aniruddha|last=Bose|website=BW Businessworld|access-date=1 June 2017|archive-date=23 May 2017|archive-url=https://web.archive.org/web/20170523072200/http://www.businessworld.in/article/-Our-Focus-Is-To-Manage-The-Customer-s-Entire-Journey-Right-From-Awareness-To-Purchase-/14-05-2017-118129/|url-status=live}}</ref>

The company filed for [[Initial public offering|IPO]] in 2017 and the shares got listed on [[National Stock Exchange of India|National Stock Exchange of India Limited]] and BSE Limited in the same year.<ref>{{cite web|url=https://www.hindustantimes.com/business-news/reliance-home-finance-debuts-at-rs-107-on-nse/story-rEHjQyYkwM0BYlFn1Y4JSL.html|title=Reliance Home Finance debuts at Rs 107 on NSE|date=2017-09-22|website=Hindustan Times|language=en|access-date=2020-01-08|archive-date=13 January 2018|archive-url=https://web.archive.org/web/20180113170337/http://www.hindustantimes.com/business-news/reliance-home-finance-debuts-at-rs-107-on-nse/story-rEHjQyYkwM0BYlFn1Y4JSL.html|url-status=live}}</ref> The stock price recorded a fall of more than 95% within 2 years of its [[IPO]].<ref>{{cite web|url=https://www.moneycontrol.com/news/business/markets/reliance-home-finance-share-price-falls-to-all-time-low-4744691.html|title=Reliance Home Finance share price falls to all-time low|website=Moneycontrol|date=19 December 2019|access-date=2020-01-08|archive-date=19 December 2019|archive-url=https://web.archive.org/web/20191219103559/https://www.moneycontrol.com/news/business/markets/reliance-home-finance-share-price-falls-to-all-time-low-4744691.html|url-status=live}}</ref>

===Reliance Securities===
[[Reliance Securities]], the broking and distribution arm of Reliance Capital, is one of India's leading retail broking houses. B Gopkumar is the Chief Executive Officer and Executive Director of its broking and distribution business.<ref>{{cite web|last1=India|first1=Press Trust of|url=https://www.business-standard.com/article/pti-stories/relcap-names-gopkumar-as-ceo-of-broking-distribution-biz-115061100619_1.html|title=RelCap names Gopkumar as CEO of broking, distribution biz|agency=Press Trust of India|date=11 June 2015|work=Business Standard|access-date=11 April 2020|archive-date=11 April 2020|archive-url=https://web.archive.org/web/20200411164407/https://www.business-standard.com/article/pti-stories/relcap-names-gopkumar-as-ceo-of-broking-distribution-biz-115061100619_1.html|url-status=live}}</ref><ref>{{cite web|url=https://economictimes.indiatimes.com/industry/banking/finance/reliance-capital-names-gopkumar-as-ceo-of-broking-distribution-business/articleshow/47628762.cms|title=Reliance Capital names Gopkumar as CEO of broking, distribution business|date=11 June 2015|work=The Economic Times|access-date=11 April 2020|archive-date=13 April 2019|archive-url=https://web.archive.org/web/20190413204441/https://economictimes.indiatimes.com/industry/banking/finance/reliance-capital-names-gopkumar-as-ceo-of-broking-distribution-business/articleshow/47628762.cms|url-status=live}}</ref>

The distribution business has approximately 80 branches across India.<ref>{{cite web |url=http://www.rsec.co.in/about-us |title=Archived copy |website=www.rsec.co.in |access-date=13 January 2022 |archive-url=https://web.archive.org/web/20110927194116/http://www.rsec.co.in/about-us |archive-date=27 September 2011 |url-status=dead}}</ref><ref>{{cite web|url=https://rmoney.rsec.co.in/|title=Reliance Money Solutions|website=rmoney.rsec.co.in|access-date=30 May 2017|archive-date=8 February 2018|archive-url=https://web.archive.org/web/20180208005318/https://rmoney.rsec.co.in/|url-status=dead}}</ref>

===Reliance Asset Reconstruction===
Reliance Asset Reconstruction is an asset reconstruction company, the principal sponsor/shareholder of which is [[Reliance Group]] (through Reliance Capital). The AUM as on 31 March 2017, stands at Rs. 1,829 crore (previous year: Rs. 1488 crore).<ref>{{cite web|url=https://www.reliancecapital.co.in/Reliance-Asset-Reconstruction.aspx|title=Asset Reconstruction-Reliance Capital|website=reliancecapital.co.in}}</ref>

=== Reliance Health Insurance ===
Ravi Vishwanath is the CEO and Executive Director of Reliance Health Insurance.<ref>{{cite web|url=https://www.thehindubusinessline.com/money-and-banking/reliance-health-insurance-gets-final-nod-from-irdai/article25137192.ece|title=Reliance Health Insurance gets final nod from IRDAI|website=@businessline|date=5 October 2018|language=en|access-date=2019-05-28|archive-date=20 September 2022|archive-url=https://web.archive.org/web/20220920171840/https://www.thehindubusinessline.com/money-and-banking/reliance-health-insurance-gets-final-nod-from-irdai/article25137192.ece|url-status=live}}</ref>

Reliance Health Insurance is a Standalone [[Health Insurance]] Company promoted solely by Reliance Capital It was established on 7 May 2017. The company is headquartered in [[Mumbai, Maharashtra]] and has started operations on 10 December 2018.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/insure/reliance-health-insurance-gets-final-nod-from-irdai-to-start-operations/articleshow/66082743.cms|title=Reliance Health Insurance gets final nod from Irdai to start operations|date=2018-10-05|work=The Economic Times|access-date=2019-05-28|archive-date=20 May 2019|archive-url=https://web.archive.org/web/20190520202013/https://economictimes.indiatimes.com/industry/banking/finance/insure/reliance-health-insurance-gets-final-nod-from-irdai-to-start-operations/articleshow/66082743.cms|url-status=live}}</ref><ref>{{cite web|url=https://www.reliancehealthinsurance.com/|title=Reliance Health Insurance|access-date=16 May 2019|archive-date=26 September 2019|archive-url=https://web.archive.org/web/20190926020026/https://www.reliancehealthinsurance.com/|url-status=dead}}</ref>

==Major deals==
In 2011, Reliance Capital sold 26% stake in its life insurance business, Reliance Life Insurance, to [[Nippon Life]] Insurance (Nissay), amongst the world's largest life insurers, with an AUM of over $600 billion. The transaction was completed at Rs. 3,082 crore for a 26 per cent stake, valuing Reliance Life Insurance at $2.6 billion.<ref>{{cite web |url=http://www.reliancecapital.co.in/pdf/MEDIA_RELEASE_Deal_Closure_Final_Rel_Logo.pdf |title=Reliance Life Nippon Life |publisher=Reliance Capital |date=9 October 2011 |accessdate=15 July 2014 |archive-date=7 April 2014 |archive-url=https://web.archive.org/web/20140407083833/http://www.reliancecapital.co.in/pdf/MEDIA_RELEASE_Deal_Closure_Final_Rel_Logo.pdf |url-status=live }}</ref><ref>{{cite web|url=https://online.wsj.com/news/articles/SB10001424052748704893604576200042961691836 |title=Reliance Life Nippon Life |work=The Wall Street Journal |date=9 October 2011 |accessdate=15 July 2014}}</ref>

In 2012, Nippon Life Insurance bought 26% stake in Reliance Capital Asset Management for Rs. 1,450 crore.

Reports indicate that Reliance Capital is also planning to sell a 26% stake in its general insurance business, Reliance General Insurance, at an appropriate time.<ref>{{cite web |url=http://www.thehindubusinessline.com/industry-and-economy/banking/reliance-capital-says-no-to-stake-sale-in-nonlife-business/article5344124.ece |title=Reliance General stake sale |work=Business Line |date=12 November 2013 |accessdate=1 April 2014 |url-status=dead |archiveurl=https://web.archive.org/web/20140407082629/http://www.thehindubusinessline.com/industry-and-economy/banking/reliance-capital-says-no-to-stake-sale-in-nonlife-business/article5344124.ece |archivedate=7 April 2014}}</ref> India's leading financial daily ''Economic Times'' wrote, "Since Reliance General Insurance is one of the leading players with 8.4 per cent market share, the proposed stake sale is expected to generate handsome capital gains for Reliance Capital... Besides de-leveraging the balance sheet, the ongoing restructuring should also help Reliance Capital conserve capital and generate better return ratios."<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2014-03-24/news/48524030_1_reliance-capital-reliance-general-insurance-stake-sale |archive-url=https://web.archive.org/web/20140331011008/http://articles.economictimes.indiatimes.com/2014-03-24/news/48524030_1_reliance-capital-reliance-general-insurance-stake-sale |url-status=dead |archive-date=31 March 2014 |title=Reliance General stake sale |work=Business Line |date=24 March 2014 |accessdate=15 July 2014}}</ref>

Reliance Capital in July 2014 announced the merger of its global film and media services business with Prime Focus to create an entity with a combined turnover of over Rs 1,800 crore.<ref>{{cite web|url=http://www.moneycontrol.com/news/business/rel-capital-announces-media-arm-mergerprime-focus_1117920.html|title=Rel Cap announces media arm merger with Prime Focus|publisher=Moneycontrol.com|date=24 March 2014|accessdate=15 July 2014|archive-date=17 July 2014|archive-url=https://web.archive.org/web/20140717020046/http://www.moneycontrol.com/news/business/rel-capital-announces-media-arm-mergerprime-focus_1117920.html|url-status=live}}</ref>

In July 2017, it sold its 1% share in [[Paytm]] to China's [[Alibaba Group]] for Rs 275 crore, making a profit of 2,600%.<ref>{{cite news |url=http://economictimes.indiatimes.com/small-biz/money/reliance-cap-sells-paytm-stake-for-rs-275-crore/articleshow/57509820.cms |title=Reliance Capital pockets a 2650% return from Paytm investment |newspaper=The Economic Times |date=8 March 2017 |last1=Ganguly |first1=Payal |archive-date=7 March 2017 |access-date=7 March 2017 |archive-url=https://web.archive.org/web/20170307092729/http://economictimes.indiatimes.com/small-biz/money/reliance-cap-sells-paytm-stake-for-rs-275-crore/articleshow/57509820.cms |url-status=live }}</ref>

In September 2019, it sold 21.54% stake in Reliance Nippon Life Asset Management to [[Nippon Life|Nippon Life Insurance Company]] alongside completely exiting its entire stake in wholly owned subsidiaries Reliance Capital Trustee Co and Reliance Capital AIF Trustee Company.<ref>{{Cite news|title=Reliance Capital stake sale: Reliance Capital completes 21.54% stake sale in RNAM|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/reliance-capital-completes-21-54-stake-sale-in-rnam/articleshow/71346225.cms|access-date=2020-08-06|archive-date=28 September 2019|archive-url=https://web.archive.org/web/20190928201355/https://economictimes.indiatimes.com/markets/stocks/news/reliance-capital-completes-21-54-stake-sale-in-rnam/articleshow/71346225.cms|url-status=live}}</ref>

==See also==
* [[Nippon Life]]

== References ==
{{reflist}}

== External links ==
* {{official}}

{{Reliance Anil Dhirubhai Ambani Group}}
{{Insurance in India}}
[[Category:Financial services companies of India]]
[[Category:Reliance Group]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Financial services companies established in 1986]]
[[Category:1986 establishments in Maharashtra]]
[[Category:Indian companies established in 1986]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Asset management companies]]
[[Category:2025 mergers and acquisitions]]

IndusInd Capital - Revision history

MayraBarnett41: created a article nd citations