Reliance Capital net up 40%

BS 200 SCORECARD

Anil Ambani group's Reliance Capital has reported a 40 per cent jump in net profit to Rs 29.62 crore in Q1ended June 30, 2005 from Rs 21.05 crore a year earlier. The company's total income was, however, down by 15.26 per cent to Rs 65.59 crore in the quarter from Rs 75.60 crore a year ago.

Reliance Capital said after the proposed preferential offers of equity and subscription of all outstanding securities, the company's net worth will more than triple to Rs 4,439 crore from Rs 1,439 crore.

Reliance Capital has offered on preferential basis equity shares and/or equity related securities to Anil Dhirubhai Ambani Enterprises and long-term institutional investors.to raise Rs 3,000 crore of long term resources.