Legendary investor George Soros, through his Quantum investment fund, has hiked his stake in Reliance Capital from 4.8% to 5.1%. The fund has bought nearly 500,000 shares of Reliance Capital to take its total holding in the company to 11.3 mn shares worth about Rs. 700 crores. As of December-end, Quantum was holding about 10.8 mn shares in the financial services firm. Reliance Capital and George Soros could co-operate to launch an offshore real estate fund which would invest in the Indian realty sector. In addition to the 5.1% stake in Reliance Capital, George Soros also holds about 11% in Reliance ARC.
Read the article in The Times of India.
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