Edition:
United Kingdom

Reliance Nippon Life Asset Management Says Nippon Life Insurance Of Japan To Raise Stake In Co To 75%


Thursday, 23 May 2019 

May 23 (Reuters) - Reliance Nippon Life Asset Management Ltd ::NIPPON LIFE INSURANCE OF JAPAN SIGNS DEALS WITH RELIANCE CAPITAL TO UP STAKE IN CO TO 75%.ACQUISITION OF RNAM SHARES AT 230 RUPEES PER SHARE.RELIANCE CAPITAL WILL EXIT ITS ENTIRE STAKE IN CO TO NIPPON LIFE INSURANCE.RELIANCE CAPITAL WILL OFFER FOR SALE TO OTHER FINANCIAL INVESTORS TO MEET MINIMUM FREE FLOAT REQUIREMENT OF 25%.