Reliance Capital offers to sell stake in asset management firm to Nippon

  • Reliance Capital asks Nippon Life Insurance to buy its entire stake in Reliance Nippon Life 
  • Nippon Life Insurance already holds a 42.88% stake in Reliance Nippon Life

Reliance Capital Ltd said on Thursday it had asked partner Nippon Life Insurance to buy its entire 42.88% stake in Reliance Nippon Life Asset Management Ltd.

Japan's Nippon Life Insurance already holds a 42.88% stake in Reliance Nippon Life Asset Management, the country's first listed mutual fund company.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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