Quantum Benefit Trust cancelled the acquisition of Reliance Financial Limited from Reliance Capital Limited.

Quantum Benefit Trust entered into an agreement to acquire Reliance Financial Limited from Reliance Capital Limited (NSEI:RELCAPITAL) for INR 1 billion on October 11, 2019. In a related transaction, Quantum Benefit Trust entered into an agreement to acquire Reliance Securities Limited from Reliance Capital Limited for INR 620 million. For the year ended March 31, 2018, Reliance Financials reported total revenue of INR 746.2 million. The transaction is expected to be completed by March 31, 2020. Quantum Benefit Trust cancelled the acquisition of Reliance Financial Limited from Reliance Capital Limited (NSEI:RELCAPITAL) on October 11, 2020.