Nippon Life Insurance completes 9% acquisition stake in Reliance

On 27 February 2015

Nippon Life Insurance (NLI), A Fortune 100 company has completed acquisition of 9% additional stake in Reliance Capital Asset Management (RCAM), a part of Reliance Capital. The entire transaction proceeds of Rs 657 crore (US$ 108 million) for additional 9% stake has been duly received from NLI. With this transaction, NLI has increased its stake in Reliance Capital Asset Management from existing 26% to 35%.

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