Reliance Capital share price gains on Sumitomo Mitsui Trust Bank deal

India's Reliance Capital share price gains 2.1 pct.

Written by Reuters

December 26, 2014 12:07 IST

India’s Reliance Capital share price gains 2.1 pct.

Japan’s Sumitomo Mitsui Trust Bank to acquire 2.77 pct stake in Reliance Capital

The transaction will help strengthen the company’s bank license intentions – dealers.

Reliance Capital intends to establish a new bank in India with Sumitomo Mitsui as a strategic partner.

This article was first uploaded on December twenty-six, twenty fourteen, at seven minutes past twelve in the night.