Reliance Capital to buy Swiss Kuoni’s arm

Industry:    2016-04-03

Reliance Capital to buy Swiss Kuoni’s arm

India’s Reliance Capital Ltd. plans to acquire Swiss travel group Kuoni’s local foreign exchange trading firm, Travelmate Services (India) Pvt Ltd., for an undisclosed amount.

The proposed acquisition was subject to regulatory approvals, Reliance Capital said in a statement on Saturday.

Financial services firm Reliance Capital is a part of the Anil Dhirubhai Ambani Group.

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