 "Reliance Retail floats jewellery scheme")
Mukesh Ambani’s Reliance Retail is looking to raise Rs 200 crore from the public through jewellery purchase schemes via its jewellery format Reliance Jewels.
Reliance is planning to roll out two schemes - a 11-month scheme and a six-month scheme.
In the 11-month scheme, customers have to pay 11 monthly installments and the company will pay the last installment. In the six-month scheme, customers have to pay six monthly instalments and company will pay one month's installment.
Titan owned Tanishq also runs a gold deposit scheme.