Reliance Life Insurance Nippon Deal

Jan 18, 2016 at 21:36 | Source: PTI
AIA, which holds 26 percent stake in Tata AIA Life Insurance Company, will raise it to 49 percent with the acquisition. However, while announcing the deal in December last year, the company did not disclose the financial details.
Jan 05, 2016 at 11:01 | Source: CNBC-TV18
The company would like to keep the debt to equity ratio at 1.8, said Sam Ghosh, ED & Group CEO, Reliance Capital.
Dec 07, 2015 at 19:13 | Source: PTI
The company has already hired close to 15,000 insurance advisors in the recent months and the planned hiring activities would take the total recruitment of agents to 20,000 people in the current fiscal ending March 31, 2016
Nov 24, 2015 at 12:53 | Source:
Reliance Capital said the Japanese company will be investing Rs 2,265 crore to acquire an additional 23 percent stake in Reliance Life Insurance and this transaction pegs Reliance Life Insurances valuation at approximately Rs 10,000 crore (USD 1.5 billion).
Oct 26, 2015 at 14:34 | Source: PTI
Nippon's stake in the company, when the deal comes through, will increase to 49 percent - the upper limit for a foreign player in the private sector insurance firm.
Oct 14, 2015 at 14:38 | Source: CNBC-TV18
The fund raised through the deal with Nippon Life would be used to grow NBFC business and reduce debt, said Sam Ghosh, CEO, Reliance Capital.
Oct 13, 2015 at 10:46 | Source:
"Nippon Life Insurance (NLI) today has signed definitive agreements to increase its stake in Reliance Capital Asset Management (RCAM) to 49 percent from existing 35 percent in tranches," the Anil Dhiribhai Ambani Group company said in its filing.
Sep 30, 2015 at 12:08 | Source: PTI
In Reliance Life, Nippon plans to hike the stake from 26 percent to 49 percent, while it would increase its holding in Reliance Capital Asset Management Company from 35 percent to 49 percent.
Sep 11, 2015 at 13:57 | Source: Reuters
Nippon Life, Japan's largest private-sector life insurer with about USD 513 billion in assets, said it expects the deal to close by the end of March. Mitsui Life is a mid-sized player with USD 61 billion in assets. Both companies are closely held.
Feb 27, 2015 at 12:20 | Source:
Nippon Life Insurance (NLI) has completed acquisition of 9 percent additional stake in Reliance Capital Asset Management (RCAM), a part of Reliance Capital.
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