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Reliance Capital shareholders approve preferential allotment to Sumitomo Mitsui Trust Bank of Japan.

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At EGM held on 23 January 2015

Reliance Capital announced that the Extraordinary General Meeting of the Company was held on 23 January 2015. The members of the Company have duly approved, vide e-voting, the business as specified in the notice convening the said meeting viz. Preferential Allotment of 70,00,000 equity shares of Rs. 10 each at a premium of Rs. 520 per share aggregating to Rs. 371 crore to Sumitomo Mitsui Trust Bank of Japan.

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First Published: Jan 23 2015 | 12:54 PM IST

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