Reliance Capital, an Anil Dhirubhai Ambani Group Company, has completed the sale of a 26% stake in its life insurance venture Reliance Life to Japan's Nippon Life for over 3,000 crore. The entire transaction proceeds of Rs 3,062 crore ($680 million) from the Japanese financial services major have been duly received by the company, Reliance Capital said in a statement.
Showing posts with label Reliance Capital. Show all posts
Showing posts with label Reliance Capital. Show all posts
Sunday, October 9, 2011
Reliance Capital sells stake to Nippon Life
Reliance Capital, an Anil Dhirubhai Ambani Group Company, has completed the sale of a 26% stake in its life insurance venture Reliance Life to Japan's Nippon Life for over 3,000 crore. The entire transaction proceeds of Rs 3,062 crore ($680 million) from the Japanese financial services major have been duly received by the company, Reliance Capital said in a statement.
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