December 25, 2025 07:33 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Tarique Rahman returns to Bangladesh after 17 years | Shocking killing inside AMU campus: teacher shot dead during evening walk | Horror on Karnataka highway: sleeper bus bursts into flames after truck crash, 9 killed | PM Modi attends Christmas service at Delhi church, sends message of love and compassion | Delhi erupts over lynching of Hindu man in Bangladesh; protest outside High Commission | Targeted killing sparks global outrage: American lawmakers condemn mob lynching of Hindu man in Bangladesh | Assam on a ‘powder keg’: Himanta Biswa Sarma flags demographic shift, Chicken’s Neck fears | Bangladesh on edge: Student leader shot as pre-poll violence deepens after Hadi killing | Historic deal sealed: India, New Zealand sign landmark Free Trade Agreement in record time | Supreme court snubs urgent plea to stop PMO’s chadar offering at Ajmer Sharif

Nippon Life acquires 49 percent stake in Reliance Life

| | Mar 31, 2016, at 01:00 am
#Nippon Life # Reliance Life # Reliance Life Insurance
Mumbai/Tokyo, Mar 30 (IBNS): Reliance Capital, a part of Anil Ambani led Reliance Group, on Wednesday announced the completion of additional 23 percent stake sale in Reliance Life Insurance to Nippon Life Insurance.
 
The entire transaction proceeds of Rs 2,265 crore (US$ 348 million) for additional 23 per cent stake in Reliance Life Insurance have been duly received by Reliance Capital from Nippon Life Insurance.
 
The transaction pegs the valuation of Reliance Life Insurance at approximately Rs 10,000 crore (US$ 1.5 billion), amongst the highest in the industry till date. 
 
Nippon Life Insurance now holds 49 percent stake in Reliance Life Insurance. In line with the new shareholding, Reliance Life Insurance will be renamed as Reliance Nippon Life Insurance Company.
 
“We would like to welcome Nippon Life Insurance as our equal partners in Life Insurance and Asset Management businesses. We have immensely benefitted from our relationship with Nippon Life over the last five years and look forward to further consolidate this partnership in India and abroad with their experience,” said Sam Ghosh, ED and Group CEO, Reliance Capital.
 
The Japanese company’s investment in Reliance Life Insurance represents implied Embedded Value multiple of over 3 times, the highest in the industry till date.
 
Nippon Life Insurance is investing a total of Rs 8,630 crore (US$ 1.5 billion) for acquiring 49 per cent stake each in Reliance Life Insurance and Reliance Capital Asset Management.
 

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Nirmala Sitharaman presents Budget 2025
Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm