Reliance Life-Nippon deal may not be a benchmark for insurance valuation

[IndiaInsurance]

The Reliance Life- Nippon Life deal may not impact valuations of insurance majors and can not be used as a benchmark for those looking to either list their shares or offload a stake to a strategic or financial partner. Industry experts said the deal is an exception and was priced at a high premium as Nippon Life desperately wanted to enter the Indian market and Reliance Life had the business in place.

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