Large Indian banks and financial institutions such as State Bank of India (SBI), Life Insurance Corporation (LIC), General Insurance Corporation (GIC), Bank of Baroda (BoB) and IDBI Bank have helped Reliance Equity Advisors, which is of the Anil Dhirubhai Ambani Group, mop up around Rs 1,500 crore. While this has been tied up in less than three months, the company is expecting to raise another Rs 500 crore over the next two weeks, Reliance Equity Advisors Chief Executive Officer Ramesh Venkat told Business Standard in an interview. He, however, did not disclose the investors. Although the company has not announced a closure date, Venkat is confident of achieving the target.   more »