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Mumbai, Jan. 28 Reliance Money is aiming to take up the distribution reach of the company to all the 5,645 tehsils of the country after having succeeded in mobilizing 10 lakh plus IPO applications for the Reliance Power that concluded recently.

Reliance Money a subsidiary of Anil Dhirubhai Ambani Group Company, Reliance Capital and is into equity broking and distribution of IPO, mutual funds, insurance and other financial products.

“Our aim is to take up our financial products distribution business to all corners of the country and the target is to reach all most all the 5,645 tehsils of the country,” said Mr Sudip Bandyopadhyay Director and CEO, Reliance Money.

Recently, the company was involved in the logistics of handling the largest IPO of group company Reliance Power, which involved handling applications collected across 80,000 outlets in 4,000 cities and towns.

Richer by the Reliance Power IPO distribution Reliance Money seems equipped with the infrastructure to handle the distribution of the other big IPOs in the pipeline.

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Reliance Money to cover 5,645 tehsils for product distribution

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