RELCAPITAL

Reliance Capital Limited has informed the Exchange that Reliance Capital Ventures Limited has acquired 6,00,89,966 shares aggregating to 28.98% of the total paid up capital of Reliance Capital Limited on January 11,2006.The mode of acquisition is pursuant to Scheme of arrangement between Reliance Industries Limited (RIL) and amongst others Reliance Capital Ventures Limited sanctioned by the Hon'able High Court of Judicature at Bombay vide order dated December 09, 2005. The shareholding of Reliance Capital Ventures Limited after the said acquisition is 6,00,89,966 shares aggregating to 28.98% o

Reliance Capital Ventures Limited has informed the Exchange that they have acquired 6,00,89,966 shares aggregating to 28.98% of the total paid up capital of Reliance Capital Limited from Reliance Industries Limited on January 11,2006.The mode of acquisition is :The Hon'ble High Court of Judicature at Bombay(the high court) vide Order dated December 09,2005,has sanctioned the Scheme of Arrangement(the Scheme) between Reliance Industries Limited(RIL) and amongst others Reliance Capital Ventures Limited(RCVL) under Sections 391 to 394 of the Companies act,1956.The Scheme inter alia, provides for

Reliance Capital Limited has informed the Exchange that at the meeting of the BODs of the Company held on January 02, 2006, the proposal for amalgamation of Reliance Capital Ventures Limited (RCVL) with the Company was considered and approved. The Scheme of Amalgamation approved by the BODs of the Company envisages a share exchange ratio of Five equity shares of the face value of Rs.10/- each of the Company for every One Hundred equity shares of the face value of Rs.10/- each of RCVL (after the allotment of shares pursuant to the demerger of Reliance Industries Limited). This is based on the r

Reliance Capital Limited has informed the Exchange that Shri Udayan Bose, former Managing Director Lazard U.K. and U.S.A. and founder Chairman Lazard India, having over 35 years of domestic and international experience in banking, corporate finance, project finance and restructuring, has joined the Board of Reliance Capital Limited on December 29, 2005.

Clarification of News : The press had reports that Reliance Capital Limited has submitted Expression of Interest to acquire UTI Securities. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reliance Capital Limited has vide its letter inter-alia stated, "The company examines various opportunities in different areas from time to time on a continuing basis and it may not be appropriate to comment on such opportunities,

Reliance Capital Limited has informed the Exchange that with reference to the news item appearing in the Times of India dated November 08, 2005 titled 'Anil may pick up Fed Bank stake', the Company has stated as follows: 'The aforesaid news item is factually incorrect and speculative in nature. Reliance Capital Limited has not had any discussions with ICICI Bank for picking up ICICI Bank's stake in Federal Bank nor any proposal has been made in this regard.'

Clarification of News : The press had reports on November 04, 2005 that Reliance Capital Limited has made a proposal to Bombay Stock Ecxchange about their interest in the participating in corporatisation of the Exchange. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reliance Capital Limited has vide its letter inter-alia stated, "The aforesaid news item is factually incorrect and speculative in nature. Reliance C

Reliance Capital Limited has informed the Exchange regarding a Media Release being isseud by the company dated October 24, 2005,in respect of the Company's unaudited financial results for the quarter/half year ended September 30, 2005. The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Reliance Capital Limited has informed the Exchange that Insurance Regulatory and Development Authority (IRDA) has accorded its approval for 100% investment in the equity of AMP Sanmar Life Insurance Company Limited, by Reliance Capital Limited.

Reliance Capital Limited has informed the Exchange that the Company has on August 22, 2005, pursuant to exercise of option by AAA Enterprises Private Limited, allotted 38,00,000 equity shares, against exercise of option to get allotted one equity share per warrant, upon payment of Rs.205.20 per warrant being the balance payable on the warrant. The shares upon allotment will be under lock-in upto August 01, 2006. The paid-up Capital of the Company as on August 22, 2005, consequent upon the said allotment stands increased to 20,73,66,245 equity shares of Rs.10/- each fully paid.

AAA Enterprises Private Limited has informed the Exchange that Reliance Capital Limited (RCL) pursuant to its preferential offer, had on August 02, 2005, allotted to them, inter alia, 4,10,00,000 warrants, entitling AAA Enterprises Private Limited to get allotted one equity share per warrant, against exercise of option. AAA Enterprises Private Limited had accordingly exercised their option to get allotted 38,00,000 equity shares against equal number of warrants and consequent upon the exercise of option RCL has allotted 38,00,000 equity shares of Rs.10/- each at a price of Rs.228/- (including

Reliance Capital Limited has informed the Exchange that the Company has agreed to subscribe 29.80 lakhs equity shares and 5.70 lakhs warrants with an entitlement to subscribe for equity shares of Spanco Telesystems and Solutions Limited (STS) at a price of Rs.90.90 per share aggregating to Rs.32.27 Crore, representing 14.96% of the fully expanded equity share capital of STS, under a Preferential Issue made by STS in terms of SEBI (DIP) Guidelines, 2000. The said Preferential Issue shall be subject to the approval by the shareholders of STS, at their AGM scheduled to be held on September 15, 20

Goldman Sachs Investment (Mauritius) I Ltd. has informed the Exchange that their shareholding has decreased from 7.17% (91,29,944 shares) to 4.34% (88,35,332 shares) of the share capital / voting rights of Reliance Capital Limited; subsequent to increase in the share capital of Reliance Capital Limited on August 04, 2005 from 127.306 millon shares to 203.566 million shares. Goldman Sachs Investment (Mauritius) I Ltd. has further informed the Exchange that during the period February 04, 2005 till August 04, 2005 they have sold 294612 shares, which represent 0.23% of the last reported capital.

Reliance Capital Limited has informed the Exchange that the Members of the Company at the AGM held on August 17, 2005 have duly approved all the businesses as specified in the Notice convening the meeting viz: 1) Declaration of dividend of Rs.3/- per equity share of Rs.10/- each for the FY 2004-2005 and noting the payment of interim dividend on preference shares. 2) Re-appointment of Shri Amitabh Jhunjhunwala, as Director of the Company, liable to retire by rotation. 3) Appointment of M/s. Pathak H.D. & Associates, Chartered Accountants, as the Auditors of the Company to hold office from the c

Reliance Capital Limited has informed the Exchange that the Company has made an application to the Insurance Regulatory and Development Authority (IRDA) on August 17, 2005, seeking approval for acquiring 100% equity capital of AMP Sanmar Life Insurance Company Limited, subject to other approvals, as may be necessary. The company has also sought approval of Reserve Bank of India in this regard.

Reliance Capital Limited has informed the Exchange that the shareholding of Goldman Sachs Investment (Mauritius) I ltd. (GSIMI) has decreased from 7.17% (91,29,944 shares) to 4.34% (88,35,332 shares) of the paid equity share capital / voting rights of Reliance Capital Limited, subsequent to increase in the paid up share capital of Reliance Capital Limited (on account of preferential allotment made by Reliance Capital Limited). The Company has further informed the Exchange that during the period February 04, 2005 till August 04, 2005 Goldman Sachs Investment (Mauritius) I ltd. (GSIMI) has sold

Reliance Capital Limited has informed the Exchange that in respect of the media reports on demerger of various businesses of Reliance Industries Limited (RIL), the Company has informed that the Board of Reliance Capital Limited has neither considered nor made any announcement relating to any scheme of demerger.

Kotak Mahindra Capital Company Limited (the "Manager to the Offer"), has submitted to the Exchange a copy of the corrigendum to the Public Announcement dated June 21, 2005, issued by them for and on behalf of AAA Enterprises Private Limited ("AAA" or the "Acquirer") and Shri Anil D. Ambani ("ADA" and, collectively with AAA, the "Acquirers") acting in concert with each other pursuant to and in compliance with, among others, regulations 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, as amended from time to time (the "R

Reliance Capital Limited has informed the Exchange that Copthall Mauritius Investments Ltd. has acquired 60,00,000 shares of the Reliance Capital Limited on July 21, 2005. The mode of acquisition is through Preferential Allotment and the shareholding of Copthall Mauritius Investments Ltd. after the said acquisition is 1,00,57,881 shares aggregating 4.94% of the total share capital of the Reliance Capital Limited.

Reliance Capital Limited has informed the Exchange that AAA Enterprises Private Limited has acquired 6,00,00,000 shares aggregating to 29.47% of the total share capital of the Company on August 02, 2005. The mode of acquisition is through Preferential Allotment and the shareholding of AAA Enterprises Private Limited after the said acquisition is 6,00,00,000 shares aggregating to 29.47% of the total share capital of the Company. AAA Enterprises Private Limited has also been allotted 4,10,00,000 Warrants, with an option to get alloted one equity share per warrant with in 18 months from the date

AAA Enterprises Private Limited (Acquirer) has informed the Exchange that they alongwith Shri Anil D. Ambani & associates (PAC), have been allotted, under the preferential offer, 6,00,00,000 equity shares aggregating to 29.47% of the total paid-up capital of Reliance Capital Limited and 4,10,00,000 warrants with an option to get allotted one equity share per warrant within 18 months from the date of allotment i.e. August 02, 2005. Consequent upon the allotment of aforesaid equity shares, the shareholding of AAA Enterprises Private Limited along with Shri Anil D Ambani & associates is 6,03,61,8

Reliance Capital Limited has informed the Exchange that AAA Enterprises Private Limited alongwith the PAC Shri Anil D. Ambani & associates has acquired 6,00,00,000** shares aggregating to 29.47% of the total paid-up capital of Reliance Capital Limited on August 02, 2005. The mode of acquisition is through Preferential Allotment and the shareholding of AAA Enterprises Private Limited after the said acquisition is 6,03,61,866 shares aggregating to 29.65% of the total paid up capital of Reliance Capital Limited. ** 4,10,00,000 Warrants, has also been acquired, with an option to get alloted one eq

Reliance Capital Limited has informed the Exchange that the Company pursuant to the approval of the shareholders at the EGM held on July 19, 2005, have allotted 1,62,60,001 equity shares of Rs.10 each fully paid to the Foreign Financial Institutions, with a lock in upto July 20, 2006 and 6,00,00,000 equity shares of Rs.10 each fully paid to AAA Enterprises Private Limited, with a lock in upto August 01, 2006 aggregating to 7,62,60,001 Equity shares of Rs.10/- each, fully paid at an Issue price of Rs.228/- per equity share (including a premium of Rs.218/- per equity share). The Company has also

CitiBank, N. A. has informed the Exchange that FNIL A/C Copthall Mauritius Investment Ltd. has acquired 60,00,000 shares aggregating to 4.18% of the total paid up capital of Reliance Capital Limited on July 21, 2005. The mode of acquisition is Preferential Allotment and the shareholding of FNIL A/C Copthall Mauritius Investments Ltd. after the said acquisition is 1,00,57,881 shares aggregating to 7.01% of the total paid up capital of the Reliance Capital Ltd..

Reliance Capital Limited has informed the Exchange that with reference to the News item published on page 1 in Times of India dated July 29, 2005, the Company's subsidiary, Reliance Life Insurance Company Limited, is presently in active discussions to acquire 100% shareholding of AMP Sanmar Life Insurance Company Limited.

Reliance Capital Limited has informed the Exchange that Reliance Life Insurance Company Limited, a subsidairy of Reliance Capital Ltd. (RCL) announced that it has agreed to acquire 100% of the equity share capital of AMP Sanmar Life Insurance Company Ltd. subject to necessary regulatory approvals.The details of the same titled " Reliance Capital Forays into Life Insurance" "Reliance Life Insurance to acquire 100% AMP Sanmar Life Insurance" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnou

Reliance Capital Limited has submitted to the Exchange a copy of the press release dated July 25, 2005, titled 'Reliance Capital Reports Net Profit of Rs.29.62 Crore (US$ 6.8 Million) - An Increase of Over 40% For the Quarter'. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Reliance Capital Limited has informed the Exchange that the Members of the company, at the EGM held on July 19, 2005, have duly approved all the businesses as specified in the notice convening the meeting viz :- 1. Alteration to the Memorandum of Association relating to capital clause. 2. Alteration to the Articles of Association. 3. Investments by Foreign Institutional Investors (FIIs) upto the limit of 49% of the paid up equity share capital / other securities convertible into equity shares. 4. Preferential issue of shares / other securities convertible into / exchangeable with the equity sh

Clarification of News : The press had reports on July 08, 2005 that Reliance Capital Limited has formed a retail distribution arm, R Trade, for selling financial products. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reliance Capital Limited has vide its letter inter-alia stated, "The Company examines various opportunities in different areas from time to time on a continuing basis and it may not be in the intere

Reliance Capital Limited has informed the Exchange that at the Board of Directors' meeting held on July 18, 2005, Shri S. S. Thakur, ceased to be Director of the Company, upon resignation.

Reliance Capital Limited has informed the Exchange that in response to the various press reports, the Company has clarified that RCL has no plans to acquire any of the following companies: (1) Crest Animations Studio Limited; (2) Saregama Limited; (3) Sringar Cinema Limited; (4) Indusind Bank Limited.

Clarification of News : The press had reports that Reliance Capital Limited has formed a retail distribution arm, R Trade, for selling financial products. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Reliance Capital Limited.

Clarification of News : The press had reports on July 05, 2005 that Reliance Capital Limited may be interested in picking up stake in Indusind Bank Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reliance Capital Limited has vide its letter inter-alia stated, "We are not aware of the veracity of the contents of the news report, which is speculative in nature and hence , can make no comments thereon".

Clarification of News : 1) The press had reports that Reliance Capital Limited is entering into insurance sector and is also one of the bidders for business of AMP Sanmar. 2) Further, media had reports that Reliance Capital Limited might takeover Karnataka Bank Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press/media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reliance Capital Limited has vide its letter inter-alia stated, "Regarding 1) Reliance Capita

Clarification of News : The press had reports that Reliance Capital Limited may be interested in picking up stake in Indusind Bank Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Reliance Capital Limited.

Reliance Capital Limited has informed the Exchange that an EGM of the company is scheduled to be held on July 19, 2005. The details of the EGM notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Kotak Mahindra Capital Company Limited (Managers to the Offer) has submitted to the Exchange a copy of the Public Announcement made by them on behalf of AAA Enterprises Private Limited ('AAA' or the 'Acquirer') and Shri Anil D. Ambani ('ADA' and, collectively with AAA, the 'Acquirers') acting in concert with each other, for the Open Offer to the shareholders of Reliance Capital Limited. Kotak Mahindra Capital Company Limited has informed that on June 19, 2005, the BOD's of the Reliance Capital Limited ('RCL' or 'Target Company') has agreed to issue and allot on a preferential basis 6,00,00,000

The Acquirers, as a result of the above preferential allotment of 6,00,00,000 Shares, will acquire maximum of 32.03% or minimum of 27.74% of the voting rights of the Target Company depending on the number of shares issued to the financial investors. As June 21, 2005, ADA holds 180,933 equity shares of RCL (representing 0.14% of the present fully paid-up equity capital of the Target Company), AAA does not hold any equity shares in RCL as on June 21, 2005. Smt. Tina A, Ambani, another director of AAA holds 180,933 equity shares of RCL (representing 0.14% of the present fully paid- up equity capi

Reliance Capital Limited has informed the Exchange that the Board of Directors of the Company at the meeting held on June 19, 2005, have decided the following: 1) Change of Directors - Shri Anil D. Ambani was appointed as Director and designated as Chairman of RCL. Shri Rajendra Chitale was also appointed as a Director on the Board of the Company. Shri D. Chaturvedi, Shri Anand Jain, Shri D. J. Kapadia, Shri Sandeep Junnarkar, and Shri Alok Agarwal, ceased to be the Directors of the Company upon resignation. 2) Issue of equity/equity related securities - The Board at the above meeting propose

Reliance Capital Limited has informed the Exchange that the Board of Directors at their meeting held on April 25, 2005, considered the annual accounts of the Company, for the financial year ending March 31, 2005. The Board of Directors passed the accounts, noting the dissent of one of the Directors, Shri Amitabh Jhunjhunwala, made only with respect to a disinvestment made by the Company during the financial year as referred to in Note no.5 to the audited results. (Note No.5 to the audited results: During the quarter ended March 31, 2005 Company has sold its entire holding of 50% in Reliance Pe

Reliance Capital Limited has informed the Exchange that the Register of Members and Transfer Books of the Company will remain closed from June 01, 2005 to June 10, 2005 (both days inclusive) for the purpose of declaration of dividend on equity shares for the financial year ended March 31, 2005.

Reliance Capital Limited has informed the Exchange that the BODs in their meeting held on April 25, 2005, recommended a dividend of 30% on equity shares of Rs.10/- each for the financial year ended March 31,2005.

Clarification of News : The press had reports that the settlement between the Ambani brothers is on the cards and that Mr. Anil Ambani is likely to get control of Reliance Infocomm, Reliance Energy Ltd. and Reliance Capital Ltd. while Reliance Industries Ltd. and Indian Petrochemical Corporation Ltd. will remain with Mr. Mukesh Ambani. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reliance Capital Ltd. has vide i

Goldman Sachs Investments(Mauritius) I Ltd have informed the Exchange that they have acquired 27,01,325 equity shares aggregating 2.12% of the total share capital of Reliance Capital Limited during the period January 13,2005 to February 04,2005.The mode of acquisition is through market purchase and the shareholding of Goldman Sachs Investments(Mauritius) I Ltd after the said acquisition is 91,29,944 shares aggregating to 7.17% of the total share capital of the company.

Reliance Capital Limited has informed the Exchange that Goldman Sachs Investments(Mauritius) I Ltd (GSIMI) have acquired 27,01,325 equity shares aggregating 2.12% of the total share capital of Reliance Capital Limited during the period January 13,2005 to February 04,2005.The mode of acquisition is through market purchase and the shareholding of Goldman Sachs Investments(Mauritius) I Ltd after the said acquisition is 91,29,944 shares aggregating to 7.17% of the total share capital of the company.

Goldman Sachs Investments (Mauritius) I Ltd. has informed the Exchange that they have acquired 173,300 shares aggregating 0.14% of the total paid up capital of Reliance Capital Limited. The date of acquisition is January 12, 2005 and the mode of acquisition is Market Purchase. The shareholding of Goldman Sachs Investments (Mauritius) I Ltd. after the said acquisition is 6,428,619 shares aggregating 5.05% of the total paid up capital of Reliance Capital Limited.

Reliance Capital Limited has informed the Exchange that Goldman Sachs Investments (Mauritius) I Ltd. has acquired 173,300 equity shares aggregating 0.14% of the total paid up capital of Reliance Capital Limited. The date of acquisition is January 12, 2005 and the mode of acquisition is Market Purchase. The shareholding of Goldman Sachs Investments (Mauritius) I Ltd. after the said acquisition is 64,28,619 equity shares aggregating 5.05% of the total paid up capital of Reliance Capital Limited.

Reliance Capital Limited has informed the Exchange that pursuant to the application made by the company to The Stock Exchange, Ahmedabad (ASE) for delisting of equity shares of the company, ASE has granted its approval for delisting of equity shares of the company from its Exchange from October 15, 2004.