Despite all its financial trouble, its subsidiary Reliance General Insurance and its life insurance joint venture with Japan's Nippon Life are earning profits. Some of Reliance Capital's operating subsidiaries are expected to yield good value to its creditors, including the state-owned Life Insurance Corporation of India and the Employee Provident Fund Organisation. Institutional creditors collectively own about Rs 60 billion (£600 million) of the company's bonds. Various businesses of Ambani, who was once richer than his brother, ran into rough weather led by the group's once-flagship telecom arm Reliance Communications which has now gone into bankruptcy. The group's other companies - Reliance Naval and Reliance Home Finance - are also undergoing debt resolutions. All listed entities of the group have eroded investors' wealth over the past more than a decade and most of them are penny stocks now. Reliance Capital has crashed from its 2008 peak of Rs 2924 (£29.2) to Wednesday's (1) price of Rs 17.2 (17.2p).