Anil Ambani-led Reliance Capital has secured Reserve Bank of India’s (RBI) approval for its plan of selling 26% stake in RCAM (Reliance Capital Asset Management Company) to Nippon Life for Rs 1,450 crore.
The Nippon Life transaction values RCAM, the country's most profitable fund house, at about Rs 5,600 crore. The final agreement for this deal was signed in late March this year.
The company had already received approval from Competition Commission of India (CCI) for the same and sought to achieve couple of more regulatory approvals.
Recently, Nippon Life had acquired 26% stake in Reliance Life Insurance for Rs 3,100 crore, valuing the life insurance venture at about Rs 11,500 crore. Reliance Capital AMC managed Rs 1,40,853 crore as on March 31, 2012, across mutual funds, pension funds, managed accounts and hedge funds.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 917.80 |
| Shriram Finance | 1009.60 |
| Aditya Birla Capital | 349.70 |
| Chola Invest & Fin. | 1542.65 |
| Tata Capital | 340.40 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: