Reliance Capital Ltd on December 12 announced a proposed investment by Eton Park, a global investor, in Reliance Capital Asset Management Ltd (RCAM), a 100 per cent subsidiary of Reliance Capital.
Eton Park proposes to invest Rs 501 crore for five per cent equity stake in Reliance Capital at an equity valuation of Rs 10,000 crore.
The valuation translates into a price of Rs 400 per share of Reliance Capital.
The proceeds of the transaction will be utilised for its domestic and international expansion.
source:.thehindubusinessline.com
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