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Reliance Nippon Life Asset Management surges as Nippon Life Insurance acquirs 10.59% stake in company

27 Aug 2019 Evaluate

Reliance Nippon Life Asset Management is currently trading at Rs. 258.00, up by 6.90 points or 2.67% from its previous closing of Rs. 251.10 on the BSE.

The scrip opened at Rs. 254.00 and has touched a high and low of Rs. 259.00 and Rs. 253.65 respectively. So far 27465 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 259.65 on 13-Aug-2019 and a 52 week low of Rs. 120.20 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 259.00 and Rs. 232.00 respectively. The current market cap of the company is Rs. 15658.98 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 14.63% and 10.37% respectively.

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

1102.70 -4.70 (-0.42%)
08-May-2026 16:59 View Price Chart
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