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Can Nippon deal lead to rerating of other insurance firms?

Nippon Life Insurance Company has signed an agreement to acquire 26% stake in Reliance Life Insurance, a unit of Reliance Capital. The transaction, however, is subject to necessary regulatory approvals. Kajal Gandhi, Senior Research Analyst, ICICI Securities, in an interview on CNBC-TV18 gave her view on the deal that broke.

March 14, 2011 / 17:43 IST
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Nippon Life Insurance Company has signed an agreement to acquire 26% stake in Reliance Life Insurance, a unit of Reliance Capital. The transaction, however, is subject to necessary regulatory approvals.

The Japanese based insurance firm will invest an aggregate value of Rs 3,062 crore (USD 680 million) to acquire the strategic stake in Reliance
TAGS: #Anuj Singhal #Business #ICICI Securities #Kajal Gandhi #Latha Venkatesh #NBAP #Nippon Life Insurance Company #Reliance Capital #Reliance Life Insurance
first published: Mar 14, 2011 03:08 pm

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