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Japan's Nippon Life Insurance to raise stake in Reliance Capital-owned asset manager to 75%


Reuters


BENGALURU, May 23 (Reuters) - Reliance Nippon Life Asset Management Ltd said on Thursday its Japanese investor would increase its stake in the Mumbai-based asset manager to 75%.

Reliance Capital and Nippon Life Insurance Co both own 42.88% stake each in Reliance Nippon. Nippon Life will buy out most of Reliance Capital's stake with this deal, the asset manager (graphic).

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BENGALURU, May 23 (Reuters) - Reliance Nippon Life Asset Management Ltd said on Thursday its Japanese investor would increase its stake in the Mumbai-based asset manager to 75%.

Reliance Capital and Nippon Life Insurance Co both own 42.88% stake each in Reliance Nippon. Nippon Life will buy out most of Reliance Capital's stake with this deal, the asset manager (graphic).






This article appears in: World Markets , Insurance , Technology , US Markets , Stocks
Referenced Symbols: RELL ,



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