Nippon Life keen to hike stake in Reliance Life to 49%
The Japanese insurer has 26-percent stake in Reliance Capital Asset Management for $290 million and Reliance Life Insurance Company for $680 million in 2011. The post Nippon Life keen to hike stake in...
View ArticleReliance MF closed-ended equity fund gets record Rs 1,000 cr
The previous highest collection in a close-ended equity fund was by UTI focused Equity Fund – Series II, which had mobilised around Rs 890 crore in December 2014. The post Reliance MF closed-ended...
View ArticleReliance Capital Q3 net profit rises 28% on growth in MF business
Financial services major, Reliance Capital today reported 28 percent rise in its third quarter net profit at Rs 213 crore on robust growth in insurance and mutual fund businesses The post Reliance...
View ArticleCCI, EPFO nod allows Reliance MF to sale additional stake to Nippon Life
Nippon Life Insurance, which manages $500 billion in assets and is among the largest in the world, agreed in November 2014 to increase its stake in RCAM from existing 26 percent to 49 percent in...
View ArticleAnil Ambani’s Reliance MF to pay Rs 243 cr for Goldman Sachs’s India mutual...
RCAM will acquire all 12 onshore mutual fund schemes of Goldman Sachs Asset Management India with total asset under management of Rs 7,132 crore The post Anil Ambani’s Reliance MF to pay Rs 243 cr for...
View ArticleNippon to acquire 23% more in Reliance Life Insurance for Rs 2,500 cr
Following the proposed stake hike, Reliance Life Insurance likely to be valued at around Rs 11,000 crore The post Nippon to acquire 23% more in Reliance Life Insurance for Rs 2,500 cr appeared first on...
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