News Business Nippon Life to hike stake in Reliance Capital to 49%

Nippon Life to hike stake in Reliance Capital to 49%

New Delhi: Japanese financial services giant Nippon Life will hike its stake in Reliance Capital Asset Management Company from 26 per cent to 49 per cent.Nippon will buy 9 per cent stake in Reliance Capital

nippon life to hike stake in reliance capital to 49 nippon life to hike stake in reliance capital to 49

New Delhi: Japanese financial services giant Nippon Life will hike its stake in Reliance Capital Asset Management Company from 26 per cent to 49 per cent.

Nippon will buy 9 per cent stake in Reliance Capital AMC for Rs. 657 crore in first tranche; to acquire further 14 per cent stake in multiple tranches.

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