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Nippon Life to buy 26% in Reliance Cap’s AMC biz
The International Monetary Fund, the World Bank’s sister organization, echoed its warnings about the dangers slowing trade and uncertainty about Europe pose to emerging markets.
19 Jan 2012, 05:00 PM IST 
In a major boost to Anil Ambani promoted Reliance Capital, Japan's Nippon Life Insurance Company will invest nearly $290 million or Rs 1,450 crore to buy 26 per cent stake in the company’s asset management (AMC) business. The deal was reported on NDTV Profit first."Nippon Life Insurance Company today signed a memorandum of understanding to acquire 26 per cent stake in Reliance Capital Asset Management (RCAM), India’s second largest a...
