Management

Reliance Cap to take over Quant Capital

Anil Dhirubhai Ambani Group"s financial services arm, Reliance Capital, today said it would acquire a controlling stake in brokerage and equity research company Quant Capital, but did not disclose the financial details of the deal. - Reliance Capital to acquire Quant Capital - R-Capital net down 44 per cent - Reliance Capital Q2 net dips 32% to Rs 156 cr - Anil group"s trust in Mukesh"s RIL goes unrequited? - ADAG firms" shares released from pledge - R-Cap plans investment banking foray by March Following the acquisition, operations of Quant Capital would be integrated with that of Reliance Equity International Ltd, a wholly-owned subsidiary of Reliance Capital. Quant Capital, which was incorporated in December 2007 and began operations in May 2008, employs over 100 professionals and has a presence in both the foreign and domestic institutional markets.


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