Reliance Capital invites Nippon Life to acquire 43 pc stake

Anil Ambani-owned Reliance Capital has invited Nippon Life Insurance to acquire up to 42.88 per cent stake that it holds in Reliance Nippon Life Asset Management (RNAM).

Reliance Capital informed stock exchanges on Thursday that Nippon Life Insurance already holds 42.88 per cent stake in RNAM.

The management, however, did not provide any other details.

"Further announcements shall be made at the appropriate time," the company said. (ANI)