Nippon Life Insurance raises stake in Reliance Life to 49%

Reliance Capital, the holding company of Reliance Life, received Rs 2,265 crore for the deal.

FIPB clears 15 FDI proposals worth Rs 7,262 crore

Japanese insurer Nippon Life Insurance, Tata AIA and Aviva Life were among the 15 companies whose foreign direct investment proposals totalling Rs 7,262 crore have been approved by the FIPB.

Reliance Life gets nod for $350 mn more equity from Nippon Life

Reliance Life gets nod for $350 mn more equity from Nippon Life

The Foreign Investment Promotion Board has granted approval to Japan`s Nippon Life Insurance to increase its stake in Anil Ambani-led Reliance Life Insurance (RLI) to 49 percent, which will peg the valuation of the Indian company at $1.5 billion.

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Japan's Nippon Life Insurance on Tuesday announced the acquisition of another 23 percent stake in Reliance Life Insurance for about Rs 2,265 crore.

 

Nippon to up Reliance MF stake to 49%; Rs 657 cr for first 9%

The first tranche values Reliance Capital Asset Management Company (RCAM), which runs Reliance MF, at Rs 7,300 crore, as per the deal announced today.

Reliance Cap-Nippon Life launch two funds, eye bank in India

The Anil Ambani-led Reliance Capital and Nippon Life Insurance Group on Monday announced two funds for Japanese investors in the Indian equity and bond markets and to jointly start a commercial bank when permission comes from Indian authorities.

Reliance Capital shares climb on equity sale reports

Shares of Reliance Capital rose Friday following reports the company may sell a 10 percent stake to Japan's Sumitomo Mitsui Trust Holdings.

Employees Provident Fund approves Reliance-Nippon stake deal

The Employees Provident Fund Organisation (EPFO) Tuesday gave its nod to the 26 percent stake sale by Reliance Capital Asset Management Company to Japan's Nippon Life insurance group.

Nippon Life to buy 26% in RCap AM for $290 mn

Japan's Nippon Life Insurance Co's 26 percent stake acquisition in Reliance Capital Asset Management for Rs 1,450 crore (USD 290 million) is seen as the biggest foreign direct investment in the Indian mutual funds space.

Nippon nominee joins Reliance Life Insurance board

Reliance Life Insurance Friday said its board has inducted Takeshi Furuichi as a non- executive director and a nominee of Nippon Life, which has acqured a 26 percent stake in the Indian life insurance firm.

Reliance Mutual looking for foreign partners to go global

Reliance Capital Asset Management (RCAM) is looking for a foreign partner like Japanese Nippon Life Insurance to facilitate its mission of going global and is also in talks with overseas distributors for selling its products, a top company official said.

Reliance Capital gets RBI nod to sell stake in Reliance Life

The Anil Dhirubhai Ambani Group's financial services arm Reliance Capital Friday said it has received approval from the Reserve Bank of India (RBI) for its proposed 26 percent stake sale in Reliance Life Insurance to Japan's Nippon Life.

Reliance Capital in talks to sell 23% in insurance unit: Report

Financial services firm Reliance Capital is in talks with state-run and private-sector lenders to sell a 23 percent stake in its life insurance business to boost distribution network, a daily business newspaper reported on Thursday.