Sumitomo Mitsui Trust Bank

Sumitomo Mitsui acquires 2.77% Stake in Reliance Capital

Odisha News Insight Jan 23, 2015 0

The Japan-based Sumitomo Mitsui Trust Bank (SMTB) has acquired a minority stake in the Anil Ambani-led Reliance Capital Ltd (RCL) -- part of the Reliance Group -- for Rs.371 crore. "As part of the agreement, SMTB will be taking an initial…

Business

Sumitomo Mitsui to take 2.77% stake in Reliance Capital

Odisha News Insight Dec 26, 2014 0

Anil Ambani’s financial services company, Reliance Capital has been intending to open a bank in India with support of Japanese financial giant Sumitomo Mitsui Trust Bank, a company statement said on Friday. Sumitomo Mitsui Trust Bank…