13th-Jun-2012 11:22
Source: BSE
Rel Capital - Reliance Capital Receives SEBI Approval For 26% Stake Sale in Reliance Capital Asset Management to Nippon Life Insurance 
Reliance Capital has received SEBI approval for 26% stake sale in Reliance Capital Asset Management to Nippon Life Insurance. Nippon Life will invest Rs 1450 crore for 26% stake. The transaction pegs Reliance Capital Asset Management valuation at approximately Rs 5600 crore.