Reliance Capital receives Rs 5500 cr from sale of stake in Reliance Nippon Life Asset Management

Reliance Capital announced it has concluded transaction with Nippon Life Insurance Company of Japan to sell its stake in Reliance Nippon Life Asset Management.

Reliance Capital has received proceeds of approx. Rs. 5,500 crore (US$ 785 million) through sale of its shareholding to Nippon Life Insurance Company and through offers for sale.

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