Nov 24, 2015 at 12:53 | Source: Moneycontrol.com
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: Moneycontrol.com
"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: Moneycontrol.com
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: Moneycontrol.com
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