Reliance ADAG's broking and financial services arm Reliance Money today entered into a distribution tie-up with the Nigeria-based Chellarams for catering to the needs of non-resident Indians in Africa.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The company aims to expand its financial services business to about 15 countries within a year, and hopes to generate around 50 per cent of its revenues from overseas operations by 2012. 
</p><p class='TableClas'>It is planning to get a membership of the Lagos Stock Exchange. This tie-up is the fifth overseas venture by Reliance Money after Dubai, Oman, Hong Kong and Saudi Arabia. Singapore and London will be the next destinations, according to company executives. 
</p><p class='TableClas'>Chellaram, with a turnover of about $100 million, has distribution centres in 10 cities across Nigeria. BS Reporter </P></p><p class='TableClas'></p></table>


Reliance Money ties up with Chellarams

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