Nippon Life Insurance Company Moves to Acquire Reliance Nippon Life Asset Management

Posted on 06/13/2019


Nippon Life Insurance Company signed a deal to acquire up to 22.49% stake in Reliance Nippon Life Asset Management (RNAM) for Rs 3,179.41 crore under a deal with Reliance Capital Limited which is leaving the mutual funds business. Before this deal, both Reliance Capital and Nippon Life each held a 42.88% stake in RNAM. Upon […]