Reliance Capital up 5% on EPFO mandate
Reliance Capital shares were up 5.39 per cent at Rs 1,285.50 on Wednesday, with the Employees’ Provident Fund Organisation nominating the company, besides HSBC, ICICI Prudential, to manage fresh additions to the EPF corpus.
By ET Online |
MUMBAI: Reliance Capital shares were up 5.39 per cent at Rs 1,285.50 on Wednesday, with the Employees��� Provident Fund Organisation nominating the company, besides HSBC, ICICI Prudential, to manage fresh additions to the EPF corpus.
Reliance Capital was not among the managers shortlisted by the Finance and Investment Committee earlier.
The AMCs will, however, only manage the annual incremental funds of Rs 30,000 crore. They will also render custodial services for maintaining the previous investments, currently held by State Bank of India.
Reliance Capital was not among the managers shortlisted by the Finance and Investment Committee earlier.
The AMCs will, however, only manage the annual incremental funds of Rs 30,000 crore. They will also render custodial services for maintaining the previous investments, currently held by State Bank of India.
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