Reliance Life Insurance Nippon Deal

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.
Feb 18, 2015 at 13:35 | Source:
Reliance Capital Assets Management, a part of Reliance Capital, today announced that it has completed the regulatory approval process for additional stake sale to Nippon Life Insurance.
Feb 13, 2015 at 10:45 | Source: CNBC-TV18
Financial services major, Reliance Capital reported 28 percent rise in its third quarter net profit at Rs 213 crore on robust growth in insurance and mutual fund businesses. The total income for the quarter ended December 2014 rose 11 percent to Rs 2,105 crore.
Dec 26, 2014 at 10:19 | Source: CNBC-TV18
Reliance Anil Dhirubhai Ambani Group (ADAG) on Thursday announced a strategic alliance with Sumitomo Mitsui Trust Bank in which the Japanese bank would pick up 2.77 percent stake in Reliance Capital
Nov 26, 2014 at 22:29 | Source: CNBC-TV18
Leo Puri, the MD of UTI Asset Management says "It is a clear vote of confidence in the outlook and the medium to long-term outlook for the asset management industry. A Japanese interest in India at the moment, I would say is a sign perhaps for many Indian entrepreneurs who set up these companies."
Nov 26, 2014 at 13:24 | Source: CNBC-TV18
The deal ups the valuation of Reliance Cap to around Rs 7,300 crore or USD 1.2 billion.
Sep 03, 2014 at 10:12 | Source: PTI
Nippon Life has also reiterated its commitment to partner the Indian group in its proposed 'Reliance Bank' venture as and when a banking license is granted by RBI.
Jul 24, 2014 at 12:16 | Source: CNBC-TV18
Reliance Capital has foreign ownership up to 26 percent in its life-insurance business (Japans Nippon picked up the stake at Rs 11,500 crore in 2012) while its general insurance arm does not have any foreign ownership.
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