Sat, Sep 28, 2019
Reliance Capital Ltd. on Friday announced successful completion of 21.54 per cent stake in Reliance Nippon Life Asset Management Ltd (RNAM) to Nippon Life Insurance of Japan (Nippon) for sale proceeds of Rs 3,030 crore ($430 million), pursuant to binding definitive agreement signed on May 23, 2019.
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Tue, Feb 26, 2019
If Nippon Life Insurance buys Reliance Capital stake in asset management business JV, much will depend on what kind of team and vision the new management adopts.
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