IndiaInsurance
17th August 2011, 06:09 AM
The government has allowed Anil Dhirubhai Ambani Group firm Reliance Life Insurance to sell 26% stake to Japan's largest life insurer Nippon Life Insurance. But it has asked the insurance regulator to frame a common policy before approving the deal, a source familiar with the development. The deal, announced in March, is worth $680 million.
More... (http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/govt-approves-26-stake-sale-of-reliance-life-insurance-to-nippon/articleshow/9630127.cms)
More... (http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/govt-approves-26-stake-sale-of-reliance-life-insurance-to-nippon/articleshow/9630127.cms)