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Nippon Life News

17 Mar 2016

Nippon Life completes acquisition to buy 14% in Reliance MF

Japanese financial services giant Nippon Life has completed acquisition of additional 14 percent stake in Reliance Capital Asset Management (RCAM) for Rs 1,200 crore, raising its holding to 49 percent.

03 Mar 2016

Nippon Life-Reliance Capital deal gets Sebi approval

Japanese financial services giant Nippon Life has got markets regulator Sebi's nod for raising its stake in Reliance Mutual Fund to 49 per cent, completing the regulatory approval process for the deal.

National Australia Bank

28 Oct 2015

Australia's NAB to sell insurance stake to Nippon Life

National Australia Bank on Wednesday announced the sale of an 80 percent stake in its insurance business to Japan's Nippon Life for USD 1.7 billion and outlined plans to divest troubled British asset Clydesdale Bank.

Reliance Capital

13 Oct 2015

Reliance Capital shares surge 6% as Nippon Life increases stake in RCAM

Shares of Reliance Capital surged 6 percent Tuesday after Japan's Nippon Life acquired 14 percent additional stake in fund house Reliance Capital Asset Management Company for Rs 1,196 crore, hiking its stake to 49 percent.

30 Sep 2015

Nippon Life to hike stake in Reliance Life Insurance, MF biz: Anil Ambani

27 Feb 2015

Nippon Life hikes stake in Reliance MF to 35 percent

Japanese financial services giant Nippon Life has completed its acquisition of 9 percent additional stake in Reliance Capital Asset Management (RCAM) for Rs 657 crore, taking its total equity to 35 percent.

Reliance Capital Asset Management

18 Feb 2015

Reliance MF gets regulatory approvals for Nippon deal

Leading mutual fund house Reliance Capital Asset Management (RCAM) today said it has completed the regulatory clearance process for sale of additional stake to Japan's Nippon Life, following approvals of CCI and EPFO.

03 Sep 2014

Nippon to raise stake in Reliance Life post FDI hike

Nippon Life currently holds 26 percent stake in Reliance Life Insurance Company, which it had bought for Rs 3,062 crore.

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