Nippon Life Insurance picks 26% stake in Reliance Capital Asset for Rs 1,450 crore

[IndiaInsurance]

Reliance Capital Asset Management has sold 26 per cent stake to Nippon Life Insurance Company in a deal signed in Mumbai on Thursday for Rs 1,450 crore. This values the company at Rs 5,600 crore....

More... (http://www.thehindubusinessline.com/industry-and-economy/banking/article2814041.ece)