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Reliance Capital invites partner Nippon Life Insurance to acquire its up to 42.88% stake in RNAM

21 Feb 2019 Evaluate

Reliance Capital has invited its partner, Nippon Life Insurance Company to make an offer to acquire up to 42.88% stake held by Reliance Capital in Reliance Nippon Life Asset Management (RNAM). Nippon Life Insurance Company already holds 42.88% stake in RNAM.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.

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