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  1. Reliance Capital share price gains on Sumitomo Mitsui Trust Bank deal

Reliance Capital share price gains on Sumitomo Mitsui Trust Bank deal

India's Reliance Capital share price gains 2.1 pct.

By: | Published: December 26, 2014 12:07 PM

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.

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