Latest News
-
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible? -
TCS Vs Infosys: Dividend History And Upcoming Rewards, Which IT Giant Is Better? -
LIC New Jeevan Shanti 858 Plan: How To Earn Rs 10,000 Pension Per Month After Retirement? Check Eligibility!
Reliance Capital To No Longer Be In Lending Business: Anil Ambani
Reliance Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani on Monday said Reliance Capital would no longer be engaged in the business of any lending activity.
In its AGM in Mumbai, which also sees the Resolution Professional for the first time address the AGM, Ambani said his NBFC has been hit by a collateral crisis on the back of several factors including careless selling and long-mongering rumours over the past few months.
After the announcement, shares of the company fell 4.11% and hit a low of Rs. 26.85.
The company has managed to repay Rs. 35,000 crore debt in a span of just 15 months and now it is on the path of re-setting Reliance Capital which he calls it to be a young company.
The company has completed stake sale in Reliance Nippon for Rs. 3,030 crore.
GoodReturns.in
