Reliance Life Insurance

The 15 anchor investors include Franklin Templeton MF, SBI MF, HDFC Standard Life Insurance, Birla Sun Life Trustee, ICICI Prudential MF, Sundaram MF, Tata AIA Life Insurance and Reliance Life Insurance.

Nippon Life Insurance raises stake in Reliance Life to 49%

Nippon Life's total investment has reached Rs 8,630 crore for acquiring 49 percent stake each in Reliance Life Insurance and Reliance Capital Asset Management.

FIPB clears Rs 14K cr FDI proposals; Nippon, Yes Bank get nod

The Foreign Investment Promotion Board (FIPB) today cleared 16 FDI proposals worth Rs 14,000 crore including that of Japan's Nippon hiking stake in Reliance Life Insurance to 49 per cent, as also that of four other foreign insurers.

Nippon gets CCI nod for hiking stake in Reliance Life to 49%

Once the deal is complete, Nippon Life Insurance would have 49 percent stake in the company, the maximum ownership allowed for a foreign player in a domestic private insurer.

Quick Heal raises Rs 134 cr from anchor investors

Ahead of its IPO, which opens on Monday, software provider Quick Heal Technologies has raised Rs 133.9 crore through issue of shares to 10 anchor investors, including BNP Paribas Advantage and Reliance MF.

AIA group gets CCI nod to buy 23% more in Tata AIA Life

AIA, which holds 26 percent stake in Tata AIA Life Insurance Company, will raise it to 49 percent with the acquisition. However, while announcing the deal in December last year, the company did not disclose the financial details.

Nippon ups stake in Reliance Life to 49%, invests Rs 2265cr

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 Insurance‘s valuation at approximately Rs 10,000 crore (USD 1.5 billion).

Nippon to acquire 23% stake in Reliance Life for Rs 2,500cr

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.

Reliance Capital announces Rs 150-cr ESOP scheme

Reliance Capital is part of Anil Ambani-led business conglomerate Reliance Group and is present in insurance, mutual fund, broking and non-banking finance businesses among others.

Nippon Life to hike stake in Rel Life, Rel MF: Anil Ambani

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.

Reliance Insurance to add 20K agents across India in FY16

According to him, Gujarat generates almost 10 percent of their insurance business. "Gujarat has been our favourite state in terms of business. 10 percent of our business comes from here. We are having a strong agency presence here. We are having 56 branches having more than 8,500 agents working with us" he added.

Reliance Life new business income grows 56%

Leading private insurer Reliance Life Insurance has recorded a 56 percent surge in its new business premium income in the first nine months of this fiscal and expects further growth in the current quarter.

Reliance Life new business up two-fold at Rs 514 cr in Q1

The company recorded 48 per cent growth in new business (individual) premium at Rs 267 crore in the April-June quarter of 2013-14 as against Rs 181 crore registered in the same period of the previous fiscal, Reliance Life Insurance said in a statement posted on the BSE.

Banks, insurers in cahoots for money laundering: Cobrapost

Whenever Cobrapost went about proposing to bankers, public or private, to invest our black money in insurance, they immediately called the managers of their insurance associates on phone, making it amply clear that banks and insurance companies are hand in glove

IRDA forms committee to consider sub-broking in rural areas

In a bid to expand presence in semi urban and rural areas Insurance Regulatory and Development Authority (IRDA) decided to consider the introduction of sub-broking system in the insurance market. It formed a 11 member committee to examine the matters in this regard.

Reliance Life aims over 25% growth in new business premium

Reliance Life Insurance is targeting over 25 per cent growth in its new business premium at Rs 2,300 crore in the current fiscal, according to a senior official. The company expects new business premium of Rs 2,300 crore in 2012-13, as against Rs 1,809 crore collected in the last fiscal.

Reliance Capital says completes stake sale in insurance biz

Reliance Capital said on Sunday it has received USD 680 million from Nippon Life after its deal to sell 26% stake in its insurance business was completed.

Reliance Cap gets RBI nod to sell stake in Reliance Life

AGAD's financial services arm Reliance Capital today said it has received approval from the RBI for its proposed 26 % stake sale in Reliance Life Insurance to Japan's Nippon Life.

Reliance Capital gets nod to sell life insurance arm stake

Reliance Capital seems to have moved closer in selling stake in its life insurance business. The Anil Ambani group company has received in-principle approval from IRDA (Insurance Regulatory Development Authority) to sell 26% stake in Reliance Life Insurance to Japan’s Nippon Life Insurance.

Rs 25,000 to charity for every boundary hit during WC final

Every boundary hit during the World Cup final clash between India and Sri Lanka at the Wankhede stadium here today will ensure free access to books and libraries for a few children across the world.

Life insurance industry needs foreign capital: Experts

Ashvin Parekh of Ernst & Young and P Nandagopal managing director and CEO of IndiaFirst Life Insurance, in an exclusive interview with CNBC-TV18 share their views on the Nippon-Reliance deal and its implication for the life insurance sector.

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.

Nippon Life to invest $724m in Reliance Life: Source

Nippon Life Insurance Co plans to buy a 26% stake in Reliance Life Insurance for about 60 billion yen (USD 724 million), a source with knowledge of the matter said, the latest move by a Japanese insurer to expand overseas.