Global investment group Eton Park will spend 5.01 billion rupees ($127 million) for about 5 percent in the asset management arm of Indian financial services firm Reliance Capital Ltd RLCP.BO, the Indian firm said on Wednesday.
The funds will be used for domestic and international expansion, Reliance Capital said in a statement.
The transaction is subject to approvals and is expected to close in January 2008, it said.(Reuters)