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Aditya Birla Group, Nippon Life in talks to merge Indian life insurance JVs

The talks were initiated after a court-appointed administrator of Reliance Capital put the 51% stake in Reliance Nippon Life on sale

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The discussions between the Birlas and Nippon Life are being led by Aditya Birla Capital CEO, Vishakha Mulye, who recently joined from ICICI Bank, and T Yao, Head of Nippon Life, Asia Pacific, based in Singapore, and a board member of RNLIC

Dev Chatterjee Mumbai

3 min read Last Updated : Nov 07 2022 | 6:20 PM IST

Nippon Life Corporation of Japan, which owns 49 per cent stake in Reliance Nippon Life, is in talks with the Aditya Birla Group for a potential merger between Reliance Nippon Life and Birla Sun Life Insurance after Birla acquires a majority stake in Reliance Nippon Life Insurance. The talks were initiated after a court-appointed administrator of Reliance Capital (RCap) put the 51 per cent stake in Reliance Nippon Life on sale.

Birla Sun Life is the latest to make a bid for RCap's life insurance venture and has time till month-end to acquire the 51 per cent stake and then

Topics : Aditya Birla Group Nippon life Insurance Life Insurance Companies Reliance Captial