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.
| Company Name | CMP |
|---|---|
| ICICI Prud.Asset Man | 3300.80 |
| HDFC Asset Mngt. Co | 2834.60 |
| Nippon Life India As | 1107.40 |
| Aditya Birla Sun AMC | 1086.10 |
| UTI Asset Management | 975.10 |
| View more.. | |
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