Nippon Life to raise stake in India's Reliance Capital
Japanese life insurance firm Nippon Life will pay INR12 billion ($184 million) to increase its stake in Indian asset manager Reliance Capital Asset Management (RCAM).
The investment will see Nippon Life's stake rise to 49% from the current level of 35%, where it has been since paying INR6.57 billion for a 9% stake last year. That was the first tranche of a planned increase,...
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