Reliance Capital looking to sell its 1% stake in Paytm for $50-60 mn

Sell_think_feAnil Ambani-controlled Reliance Capital Ltd is reportedly in talks to sell its 1% stake in digital payments firm Paytm as it looks to trim its proprietary investment portfolio and monetise non-core assets. Press Trust of India reported, citing some people in the know of things, that the company was planning to raise Rs 335-402 crore […]

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Reliance Cap to invest $677K in ‘affordable luxury’ e-com venture Luxehues

LuxehuesAnil Ambani-controlled Reliance Capital Ltd has acquired more than 9.57 per cent stake in Radiant Hues CRM Solutions, the firm behind affordable luxury merchandise e-tail platform Luxehues.com, as per a statement. This is part of the first tranche of the investment that would be topped up with more to take the total exposure to Rs […]

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Luxuryhues raises under $1M from Reliance Capital

Anil Ambani-controlled Reliance Capital Ltd has invested Rs 6 crore ($903,000) in Luxuryhues.com, a Gurgaon-based marketing consultancy and shopping platform for luxury goods. “As part of our investment portfolio, we are providing seed capital of approximately Rs 6 crore only in Luxuryhues.com, a digital platform for selling affordable luxury goods and services. We have no plans […]

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