Sumitomo Mitsui exits Reliance Capital with â¹456-cr stake sale
Sumitomo Mitsui Trust Bank of Japan (SMTB) on Wednesday sold its entire 2.77% stake in Reliance Capital for about â¹456 crore through open market transactions. Sumitomo Mitsui had purchased 70 lakh shares when Reliance Capital had applied for a banking licence. Meanwhile, Royal Bank of Scotland picked up 17.2 lakh shares in the company for â¹112 crore.