INSUBCONTINENT EXCLUSIVE:
Nippon Life: Reliance MF stock gains on reports Nippon Life may hike stake - The TheIndianSubcontinentNever miss a great news story!Get
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Analysis, IPO, Mutual Funds, Bonds MoreShares of Reliance Nippon gained as much as 7 per cent intraday on this news
ET Bureau|Updated: May 18, 2019, 10.08 AM ISTReutersIn February, Reliance Capital had offered to offload its entire 42.88 per cent stake in
the insurance joint venture to the Japanese partner
MUMBAI: Shares of Reliance Nippon Life Asset Management ended up 2.33 per cent at Rs 201.7 on the BSE on Friday amid reports that Nippon
Life is likely to acquire additional stake in the company from partner Reliance Capital.
Shares of Reliance Nippon gained as much as 7 per
cent intraday on this news
Shares of Reliance Capital ended up 2.18 per cent at Rs 114.95 after rising as much as 8.2 per cent intra-day.
As per reports, Nippon Life
Insurance to 70 per cent.
In February, Reliance Capital had offered to offload its entire 42.88 per cent stake in the insurance joint
venture to the Japanese partner.
Till March 2019, both Reliance Capital and Nippon Life Insurance Company held 42.88 per cent each in
Reliance Nippon Life Asset Management.
680928366809332566688187Reliance Cap invites Nippon Life to buy it out of MF JVNippon Life eyes RCap
stake in AMC JV; Reliance Nippon, RCap rally up to 7%Reliance Nippon Life Q2 revenue rises to Rs 411 croreReliance Nippon surges 20% as RCap
offers JV partner Nippon Life 42.88% stakeCommenting feature is disabled in your country/region.Browse
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