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INDIA'S RELIANCE MONEY EYES ACQUISITION OPPORTUNITIES.
BANGALORE, Sept 3 Asia Pulse - Anil Ambani Group's financial services distribution arm Reliance Money on Saturday said it is looking for potential acquisition opportunities in the fast growing money changing and money transfer businesses.
The combined market size of money changing and money transfer is estimated at about US$34 billion.
Unveiling a new identity here for its money changing and money transfer businesses, the company said it was aiming to double its market share in this segment over next few years.
"We are also looking at inorganic growth opportunities in these businesses for further expansion of these businesses," Reliance Money CEO Sudip Bandyopadhyay told reporters here.
Anil Ambani Group had acquired Travelmate Services, a part of Kuoni Group, in November 2006, which has now become a wholly owned subsidiary of Reliance Capital. Travelmate has been in the Money Transfer Services (MTS) and Full-Fledged Money Changing ...
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...Pulse - The Anil Ambani Group firm Reliance Money on Tuesday said it is undertaking...Bandyopadhyay said. The total workforce of Reliance Money across all its verticals, including brokering, money changing and money transfer and gold coins...
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...Anil Ambani group's Reliance Money is eyeing to "export...s figure as part of its money changing and transfer business. Reliance Money, the brokerage and financial...significant growth in its money changing and transfer business...
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Reliance Money Express hikes stake in WSFL to 36...Anil Dhirubhai Ambani Group firm Reliance Money Express Ltd (RMEL), engaged in money transfer and full-fledged money changing services, today increased its stake...
- Reliance Money looking for acquisition to expand operations.
- News wire article from: PTI - The Press Trust of India Ltd. October 2, 2007 700+ words
Reliance Money looking for acquisition...distribution arm, Reliance Money, is open to...transfer and money changing business, a...available in money changing and money transfer...public, the Reliance Money CEO said...
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- News wire article from: AsiaPulse News October 3, 2007 700+ words
...distribution arm, Reliance Money, is open to...transfer and money changing business, a...available in money changing and money transfer...public, the Reliance Money CEO said...since 1993. Reliance Money Express presently...transfer and money ...
- Reliance Money rejigs top management; Bandyopadhyay becomes MD.
- News wire article from: PTI - The Press Trust of India Ltd. April 3, 2009 700+ words
...direction and growth to Reliance Money's Over-the-Counter...forward to taking Reliance Money to greater heights...services comprise of money changing, money transfer and...November last year, Reliance Money had appointed former...
- Reliance Money recasts top brass.
- Newspaper article from: Statesman (India) April 4, 2009 700+ words
...direction and growth to Reliance Money's over-the-counter...forward to taking Reliance Money to greater heights...services comprise of money changing, money transfer and...November last year, Reliance Money had appointed former...
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- News wire article from: PTI - The Press Trust of India Ltd. May 3, 2007 700+ words
...within a month of Reliance Money's foray into distribution...flat fee structure. Reliance Money, part of ADAG's...the company said. Reliance Money enables its consumers...money transfer and money changing - all through single...
Source: HighBeam Research, INDIA'S RELIANCE MONEY EYES ACQUISITION OPPORTUNITIES.