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Nippon Life Insurance acquires 10.59% stake in Reliance Nippon Life Asset Management

27 Aug 2019 Evaluate

Nippon Life Insurance Company (Nippon) has additionally acquired 6.48 crore equity shares of Reliance Nippon Life Asset Management, representing 10.59% of the total issued and paid up equity share capital of the Company.

Pursuant to such acquisition, Nippon now holds 32.72 crore equity shares representing 53.46% of the total issued and paid up equity share capital of the Company.

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.

Nippon Life India As Share Price

1107.40 13.30 (1.22%)
07-May-2026 16:59 View Price Chart
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