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GovJobAdda, Bengaluru
shared a Current Affairs Article 1 week ago

Headline : Nippon Life invests Rs 6,000 cr to emerge largest shareholder in Reliance MF.

Details :

Japan's Nippon Life Insurance has completed an investment of Rs 6,000 crore in the erstwhile Reliance Mutual Fund to emerge as the single largest shareholder, with a 75% stake.

NIMF plans to expand its international and alternate business to garner a share of foreign inflows into India, by leveraging Nippon Insurance’s global network.

Section : Business

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