Reliance Nippon Life Asset Management has acquired additional 5.82 lakh shares in Cholamandalam Financial Holdings. Post-acquisition, total shares of the company increased to 96.21 lakh from 90.39 lakh earlier. The company has acquired these shares on June 26, 2018.
Reliance Nippon Life Asset Management acts as an adviser to India-focussed equity funds and fixed-income funds in Japan and South Korea. It also manages offshore funds through its subsidiaries in Singapore and Mauritius, catering to investors across Asia, the US and Europe.
