The Rise & Fall Of Reliance Capital – Times of India
MUMBAI: In 2008, Reliance Capital’s market capitalisation of over Rs 70,000 crore was larger than HDFC. Its chairman Anil Ambani had declared that it was among the top three financial institutions in the country. Just over a decade later, rating agency firm Care downgraded Reliance Capital to default.From heading a conglomerate that had a market…