Nippon, Reliance Life deal awaits approval - reports
One week after Japanese insurance giant Nippon Life announced its intention to take a 26% stake in India’s Reliance Life Insurance, news surfaced that the deal may be stalled as regulators have yet to bless the transaction.
According to current regulations, a company must be in operation for at least 10 years before divesting a stake, India's Business Standard first highlighted, noting that Reliance Life just past its ninth...
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