 "Deal, handshake")
Nippon Life Corporation of Japan, which owns 49 per cent stake in Reliance Nippon Life, is in talks with the Aditya Birla Group for a potential merger between Reliance Nippon Life and Birla Sun Life Insurance after Birla acquires a majority stake in Reliance Nippon Life Insurance. The talks were initiated after a court-appointed administrator of Reliance Capital (RCap) put the 51 per cent stake in Reliance Nippon Life on sale.
Birla Sun Life is the latest to make a bid for RCap's life insurance venture and has time till month-end to acquire the 51 per cent stake and then
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