Reliance Capital, which has completed five years of partnership with Nippon Life, plans to strengthen the association with more products in mutual fund and life insurance spaces going ahead.
Nippon Life’s partnership with Reliance Capital began in 2011 when the Japanese financial services giant picked up 26% stake in Reliance Life Insurance. Subsequently, Nippon picked up 26% stake in Reliance Mutual Fund as well, while the stakes in both the ventures of Reliance Capital have now been hiked to 49% each.
Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.
