| Nippon buys into Reliance Capital |
| BS Reporter / March 23, 2012, 0:30 IST |
Japanese life insurer Nippon has finalised agreements to buy a 26 per cent stake in Reliance Capital Asset Management (RCAM), at an aggregate value of Rs 1,450 crore. The transaction pegs RCAM’s valuation at Rs 5,600 crore and is subject to approvals.
