Reliance Life Insurance Nippon Deal
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.
Jul 15, 2014 at 12:59 | Source: CNBC-TV18
Santosh Singh, BFSI analyst at Espirito Santo Securities says he likes NBFCs that are focused on the housing sector like HDFC and LIC Housing Finance.
Jun 26, 2013 at 12:33 | Source: Reuters
Reliance Capital plans to apply for bank licence in partnership with Japan's Sumitomo Mitsui Trust Bank and Nippon Life Insurance of Japan.
Jun 26, 2013 at 10:27 | Source: Reuters
Shares of Reliance Capital Limited surged 3.4 perent on the back of its plans to spin off its consumer lending business into a new unit and sell minotiry stakes to Sumitomo Mitsui Trust Bank and Nippon Life Insurance.
Jun 02, 2013 at 18:27 | Source: PTI
Reliance Life is the only company among the top 10 private insurers which achieved profits without having a bank partner.
Nov 28, 2012 at 15:53 | Source: PTI
Leading private insurer Reliance Life Insurance Company (RLIC) is betting on distribution models of its Japanese partner Nippon Life, as part of its plans to increase reach and productivity in the domestic insurance market.