Reliance Capital seeks partner for China entry
Reliance Capital, owner of India’s largest mutual fund manager, is seeking a Chinese partner to tap funds in the most-populous nation, said Vikrant Gugnani, chief executive of the firm’s international businesses. “We want to get China investors access to the India growth story,” Gugnani said. “We’ve had a fair amount of meetings in the past six months: now, we’re really focused,” he added. Reliance Capital, controlled by billionaire Anil Ambani, seeks to boost assets under management and private-wealth clients across Asia, Gugnani said.