Reliance Capital will sell up to 1.93 crore shares, representing 3.15 per cent equity, in Reliance Nippon Life Asset Management (RNAM) for over Rs 505 crore on stock exchanges through 'Offer for Sale' route on Wednesday and Thursday.
Reliance Nippon Life will issue 2.45 crore fresh equity shares, 3.68 crore shares through offer for sale by its promoters — Reliance Capital and Nippon Life Insurance Company.
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