Nippon Life Completes Acquisition to Buy 14% in Reliance MF

New Delhi: Japanese financial services giant Nippon Life has completed acquisition of additional 14 per cent stake in Reliance Capital Asset Management (RCAM) for Rs 1,200 crore, raising its holding to 49 per cent.  Nippon Life Insurance now becomes a co-sponsor of Reliance Mutual Fund, along with Reliance Capital, following which the name of fund house would be changed to Reliance Nippon Life Asset Management. The board of directo...