News From Press Reliance Cap's stake sell in mutual fund arm to be completed by month-end

Reliance Cap's stake sell in mutual fund arm to be completed by month-end

At the time of announcement, both partners held 42.88% stake each in the company, while the rest was with public shareholders

Mint Sep 24, 2019

Reliance Capital had announced in May that it had signed binding definitive agreements with Nippon Life Insurance of Japan. Under the deal, Reliance Capital will exit the mutual funds business by selling its stake in RNAM to Nippon Life Insurance.

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