News From Press Nippon Life’s open offer to RNAM opens today

Nippon Life’s open offer to RNAM opens today

Business Line Jul 23, 2019

The open offer from Nippon Life Insurance Company to the shareholders of Reliance Nippon Life Asset Management opens on Tuesday and closes on August 6. The company plans to acquire up to 25.33 per cent stake (or 15.57 crore shares) in the latter’s expanded voting share capital at ₹230 a share.

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