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S and plans to acquire Samsung Life’s London subsidiary within this year.
The MOU is part of Reliance Capital Asset Management’s strategy to expand its product portfolio and offer world class products to Indian and with global investors.
With this, the Sasan UMPP has been successfully commissioned 12 months ahead of PPA Schedule.
It may also be mentioned here that five units of 660 MW each totaling 3300 MW were commissioned in just about 12 months.
April 24, 2015, Mumbai/Seoul: Samsung Asset Management Co., Ltd, Korea, the largest Asset Manager in Korea, today signed a Memorandum of Understanding with (MOU) for strategic alliance with Reliance Capital Asset Management, a part of Anil-Ambani led Reliance Capital and India’s largest asset manager.
A total AUM for international mutual funds are around USD811mn while a total AUM for mutual fund market is around US5 billion”.Both companies will seek to develop and explore business opportunities in active and passive strategies, leveraging upon their specific investment and distribution reach, in India and Korea Comment from Reliance Capital Asset Management: “We are delighted to begin our business relationship with Samsung Asset Management, the leader in asset management space in Korea.We are confident that this relationship between two leading asset management companies will provide both Korean and Indian investors, seeking exposure in global equities, with enhanced investment opportunities and significant diversification benefits” “We are delighted to begin our business relationship with Reliance Capital Asset Management, the leading asset manager in India.Even the Forest land in the Power Station area, for which the Stage-II Forest Clearance was accorded by the Central Government way back in November 2010, has not been handed over to JIPL till now.As regards the Coal Block, the land acquisition process is yet to get initiated, for which the application was submitted way back in February 2009.