Recently, Nippon Life Insurance Co, Japan's largest life insurer by revenue had declared that it is likely to buy about a 26% stake in Reliance Life in a bid to boost overseas business. However, according to the latest updates, the Reliance Life- Nippon deal is witnessing regulatory roadblocks, reports CNBC-TV18 quoting sources.
first published: Mar 23, 2011 12:55 pm
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