Reliance Capital’s share price reached a 52-week high of INR 13.08 per share on Monday, December 4, before closing at INR 12.21 per share. This is a significant increase from its lowest level of INR 7.60 per share on March 29, 2023. The share price of Reliance Capital has seen a 40% increase based on its stock performance, with a 35% surge in the past six months and a 20% rise in the last month. However, the company has experienced a significant decline in its share value, with a decrease of over 99% from its peak of INR 2,700 around 15 years ago.
The recent approval by the Reserve Bank of India for a resolution plan for Reliance Capital has paved the way for Hindujas’ company, IndusInd International Holdings Limited, to acquire Reliance Capital. The company’s administration received a letter from the Reserve Bank on November 17, 2023, regarding the clearance of the acquisition. IIHL had made the highest bid of INR 9,650 crore to purchase Reliance Capital. Following payment default and administrative lapses, the Reserve Bank had declared Reliance Capital’s board as defunct on November 29, 2021.
Reliance Capital Share Price as of 05 December 2023:
1. On Monday, 4th December, the shares of Reliance Capital reached a 52-week high level. During the trading session, the share price increased by around 5% to reach Rs. 13.08. However, at the end of the session, the share closed at Rs. 12.21.
2. On 29th March 2023, the share price of Reliance Capital was Rs. 7.60, which is the lowest level in the past 52 weeks.
3. Based on the performance of the shares, Reliance Capital’s share price has increased by 40%.
4. In the past six months, the stock has seen a growth of 35%.
5. In the span of one month, the stock has increased by 20%.
6. However, in the long term, the shares of Reliance Capital have seen a significant decline. The shares, which once reached Rs. 2,700, have experienced a downfall of more than 99%.
7. Recently, the Reserve Bank of India has approved a resolution plan for Reliance Capital. This decision has paved the way for the acquisition of Reliance Capital by IndusInd International Holdings Limited, a company of the Hinduja Group. The company’s administration received an exemption letter from the Reserve Bank on 17th November 2023.
8. IIHL of the Hinduja Group made the highest bid of Rs. 9,650 crore to acquire Reliance Capital. The Reserve Bank of India revoked the board of Reliance Capital on 29th November 2021, citing payment defaults and administrative lapses.
Title: Reliance Capital Share Price 05 December 2023.
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