News From Press IIFL Special Opportunities Fund picks up 2.6% in Reliance Mutual Fund

IIFL Special Opportunities Fund picks up 2.6% in Reliance Mutual Fund

Source: VC Circle Aug 17, 2017

IIFL Special Opportunities Fund has bought a 2.59% stake in Reliance Nippon Life Asset Management Ltd (RNAM) for $60 million (about Rs 390 crore) through a secondary market purchase, said a press statement.

The deal values Reliance Nippon Life at around Rs 15,000 crore.

IIFL Special Opportunities Fund acquired the stake from US-based hedge fund Eton Park Capital Management. As of March 2016, Eton Park held 4.43% in the company.

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Mid-cap Indian IT companies expected to outperform large-cap firms in FY25

Striking gold in stocks: How equity culture is taking India’s households by storm

EXPLAINER | How MF Lite gives a fillip to passive funds

Northern Arc aims to raise Rs 1,000 cr through alternate investment fund

Equity rally fuels fastest quarterly growth in MF assets in five years

6 equity mutual funds offer over 25% CAGR in five years

Retirement planning: 5 things to keep in mind when planning your retirement corpus allocation

Investment insights from one of the most successful midcap fund managers in India

Be cautious about high valuations in lower end of market, warns Kotak Mutual Fund CIO Harsha Upadhyaya

Explained: How to interpret Treynor Ratio in mutual funds

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS