There are many companies of Anil Ambani which are in news for one reason or the other. One of these companies is Reliance Capital Limited. While the insolvency process of Reliance Capital is going on, there has been a setback in the management as well. Despite all these news, buying in Reliance Capital’s stock is increasing.
CEO resigns: Reliance Capital’s Chief Executive Officer (CEO) Dhananjay Tiwari has resigned. The company, in its regulatory filing, did not specify the reason for Tiwari’s resignation, saying he retired on March 15, 2022.
Increased buying of shares: Amidst this news, the buying of Reliance Capital shares once again increased in Thursday’s trade. The upper circuit of 5 per cent was hit in Reliance Capital and the share price reached the level of Rs 16.62. The stock price of the company has been increasing continuously since last four days. Let us inform that on March 11, the share price of the company was less than Rs 14.
Adani will change the fate of the bankrupt company, there is a competition to buy this share after hearing the news
Let us tell you that Reliance Capital is going through insolvency process. 14 major companies including Adani Finserve, KKR, Piramal Finance and Poonawalla Finance have shown interest to buy Reliance Capital.