Profit

Nippon buys 26% in Reliance Life for Rs 3,062 cr

PUBLISHED ON: March 14, 2011 | Duration: 2 min, 38 sec

  
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Nippon Life Insurance acquires 26 per cent in Reliance Life Insurance for Rs 3,062 crore. The deal values Reliance Life at Rs11,500 crore and makes this the largest foreign direct investment in insurance and financial sector in India.
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