Company Overview of Reliance - ADA Group Limited
Reliance - ADA Group Limited, through its subsidiaries, engages in communications, financial services, energy, infrastructure, and entertainment businesses. It engages in asset management and mutual funds; life and general insurance; commercial finance; equities and commodities broking; investment banking; wealth management services; distribution of financial products; exchanges; private equity; asset reconstruction; and proprietary investments and other activities in financial services. The company also provides information and communications services, such as mobile and fixed line telephony, broadband, national and international long distance services, data services, and a range of various...
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Key Executives for Reliance - ADA Group Limited
Chairman and Chief Executive Officer
Chief Executive Officer of Music and Home Entertainment Division
Chief Executive Officer of DTH and IPTV Operations
Chief Executive Officer of Reliance Cementation
Group Managing Director and Director
Compensation as of Fiscal Year 2014.
Reliance - ADA Group Limited Key Developments
Reliance Capital May Sell Stake In Yatra.Com
Dec 10 14
A media report states that Reliance - ADA Group Limited may sell entire stake in Yatra Online Private Limited for INR 5 billion. "Reliance Capital, which invested INR 40 crore in Yatra.com in 2006 for a 16% stake, has now decided to exit the investment, pocketing a return of about 12 times in eight years and valuing Yatra.com at over INR 3,000 crore, or $500 million," the report said quoting unnamed sources. The report further said that Reliance aims to close the transaction in the next four to six weeks as part of its strategy to encash its minority investments to focus on its core business. Reliance Capital is in talks with 2-3 international investors, as per the media reports. The identity of the interested buyers could not be ascertained, reported Dion Global Solutions Limited. Commenting on the development, Reliance Capital spokesperson said, "We continuously evaluate opportunities to unlock the value of our minority investments to enhance shareholders value." Shares of Reliance Capital Limited (BSE:500111) climbed as much as 1.9% intraday on December 10, 2014 on the media report.
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