Bengaluru:Reliance Nippon Life Asset Management Ltd said on Thursday its Japanese investor would increase its stake in the Mumbai-based asset manager to 75%.Reliance Capital and Nippon Life Insurance Co both own 42.88% stake each in Reliance Nippon.
Nippon Life will buy out most of Reliance Capital's stake with this deal, the asset manager said.Election Results for Lok Sabha Election 2019 will be out on May 23.
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