News From Press Aditya Birla Group, Nippon Life in talks to merge Indian life insurance JVs

Aditya Birla Group, Nippon Life in talks to merge Indian life insurance JVs

Source: Business Standard Nov 8, 2022

Nippon Life Corporation of Japan, which owns 49 per cent stake in Reliance Nippon Life, is in talks with the Aditya Birla Group for a potential merger between Reliance Nippon Life and Birla Sun Life Insurance after Birla acquires a majority stake in Reliance Nippon Life Insurance. The talks were initiated after a court-appointed administrator of Reliance Capital (RCap) put the 51 per cent stake in Reliance Nippon Life on sale.

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