3 Middle East funds eye RCap’s $1 billion stake in asset management company https://ift.tt/2H7cfZ1 - Walletnews For Me

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Sunday, February 24, 2019

3 Middle East funds eye RCap’s $1 billion stake in asset management company https://ift.tt/2H7cfZ1

At the current market value, the Reliance Capital shares are worth more than Rs 5,000 crore, though a control deal would come at a premium. Sources said Reliance has sought a valuation with the IPO price of Rs 252 apiece as the benchmark, pushing the deal size to about Rs 7,000 crore, or $1 billion.
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