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Article: INDIA'S RELIANCE MONEY EYES ACQUISITION OPPORTUNITIES.

Article from:
AsiaPulse News
Article date:
September 3, 2007
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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 ...

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