Reliance Life Insurance Nippon Deal

Mar 30, 2016 at 13:50 | Source: PTI
Nippon Life's total investment has reached Rs 8,630 crore for acquiring 49 percent stake each in Reliance Life Insurance and Reliance Capital Asset Management.
Mar 30, 2016 at 13:45 | Source:
Reliance Capital today announced the completion of additional 23 percent stake sale in Reliance Life Insurance to Nippon Life Insurance.
Mar 17, 2016 at 13:23 | Source:
Reliance Capital has completed the transaction for receipt of approx. Rs 1,200 crore from Nippon Life Insurance for additional 14 percent stake sale in Reliance Capital Asset Management.
Mar 17, 2016 at 12:46 | Source: PTI
Nippon Life Insurance now becomes a co-sponsor of Reliance Mutual Fund, along with Reliance Capital, following which the name of fund house would be changed to Reliance Nippon Life Asset Management.
Mar 15, 2016 at 15:10 | Source:
Reliance Capital Ltd has informed BSE that a meeting of the Board of Directors of the Company's Subsidiary, Reliance Capital Asset Management Limited ('RCAM') will be held on March 17, 2016, to consider and approve transfer of shares to Nippon Life Insurance Company.
Mar 07, 2016 at 21:08 | Source: PTI
The Foreign Investment Promotion Board (FIPB) today cleared 16 FDI proposals worth Rs 14,000 crore including that of Japan's Nippon hiking stake in Reliance Life Insurance to 49 per cent, as also that of four other foreign insurers.
Mar 03, 2016 at 15:29 | Source:
"Reliance Capital Asset Management (RCAM), a part of Reliance Capital, completed regulatory approval process for increasing the stake of Nippon Life Insurance, the Japan-based company, to 49 percent from 35 percent," the Anil Dhirubhai Ambani Group company says in its filing.
Mar 03, 2016 at 15:06 | Source:
Reliance Capital Asset Management, a part of Reliance Capital, today completed the regulatory approval process for increasing stake of Nippon Life Insurance to 49 percent.
Feb 25, 2016 at 15:44 | Source: PTI
Post the transfer, Reliance Capital would be applying to the RBI for registering itself as a Core Investment Company (CIC) and this move would also facilitate the application of banking licence, as and when the apex bank's policy permits, it said in a statement.
Feb 11, 2016 at 11:40 | Source: PTI
Once the deal is complete, Nippon Life Insurance would have 49 percent stake in the company, the maximum ownership allowed for a foreign player in a domestic private insurer.
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