February 21, 2019 / 6:55 AM / 3 months ago

Reliance Capital offers to sell stake in asset management firm to Nippon Life Insurance

(Reuters) - Reliance Capital Ltd said bit.ly/2GCzRVB on Thursday it had asked partner Nippon Life Insurance to buy its entire 42.88 percent stake in Reliance Nippon Life Asset Management Ltd.

Japan’s Nippon Life Insurance already holds a 42.88 percent stake in Reliance Nippon Life Asset Management, the country’s first listed mutual fund company.

Reporting by Chandini Monnappa in Bengaluru; Editing by Subhranshu Sahu

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