Date:07/12/2007 URL: http://www.thehindu.com/2007/12/07/stories/2007120754572000.htm

Business

Reliance Money, Muthoot group enter into distribution pact for retailing gold coins

Special Correspondent

KOCHI: Reliance Money, the financial services arm of Reliance ADA group has announced a distribution tie-up with the Muthoot group, a leading non-banking finance group, for retailing its gold coins. Talking to reporters Sudip Bandyopadhya, director of Reliance Money and George Alexander Muthoot, managing director, Muthoot group said the tie-up would enable the company to retail branded gold coins in over 500 outlets of the Muthoot group in Kerala and Tamil Nadu. The coins will be available in half gram, one gram, five gram and eight gram denominations and will be priced at spot rates.