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Thursday, May 23, 2019

Reliance Capital to sell stake in Reliance Nippon Life Asset Management

Reliance Capital will receive proceeds of ~Rs6,000cr (US $860 mn) through sale of its shareholding to Nippon Life Insurance at Rs230 a share, and the simultaneous Offer For Sale (OFS) to other financial investors.

from India Infoline News Service http://bit.ly/2X3dIEK

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