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Article: ADAG's Reliance Money forays into Nigeria.

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PTI - The Press Trust of India Ltd.
Article date:
July 6, 2008
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ADAG's Reliance Money forays into Nigeria

New Delhi, July 6 (PTI) -- As part of its plans to expand global footprint and earn half of revenue from overseas, Anil Ambani group's Reliance Money today announced its foray into Nigeria through a partnership with Lagos-based industrial house Chellarams Plc.

Reliance Money, which has become the first Indian broking and distribution firm to offer financial services to retail investors in Nigeria and Africa, also plans to join the Lagos Stock Exchange as its member in the future.

Announcing the tie-up, R-Money CEO Sudip Bandyopadhyay said, "This is our first move to reach out to the large base of NRI and ...

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