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BSE SENSEX
73,730.16
-609.28
-0.82 %
Corporate Announcement
Security Code
500111
Company
RELIANCE CAPITAL LTD.
Exchange Received Time
21/02/2019 12:01:02
Exchange Disseminated Time
21/02/2019 12:01:07
Time Taken
00:00:05
Announcement Under Regulation 30 (LODR) Updates - Reliance Capital'S 42.88% Stake In Reliance Nippon Life Asset Management Ltd. |
2/21/2019 12:01:02 PM
In view of media queries on the above matter, we wish to state as follows:
Reliance Capital Ltd. has invited its partner, Nippon Life Insurance Co. Ltd. to make an offer to acquire up to 42.88% stake held by Reliance Capital in Reliance Nippon Life Asset Management Ltd. (RNAM).
Nippon Life Insurance Co. Ltd. already holds 42.88% stake in RNAM.
Further announcements shall be made at the appropriate time.
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