Reliance Capital said on Friday it has got the Reserve Bank of India's approval for stake sale in Reliance Life Insurance .......
Reliance Capital said on Friday it has got the Reserve Bank of India's approval for stake sale in Reliance Life Insurance
to Japan's Nippon Life Insurance.
As per the pact, Nippon Life will invest about $680 million to acquire a 26 percent stake in Reliance Life.
The deal is expected to close very shortly, it said.
Reliance Capital said on Friday it has got the Reserve Bank of India's approval for stake sale in Reliance Life Insurance
to Japan's Nippon Life Insurance.
As per the pact, Nippon Life will invest about $680 million to acquire a 26 percent stake in Reliance Life.
The deal is expected to close very shortly, it said.
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