Nippon Life and Reliance Capital sign MOU

Nippon Life and Reliance Capital sign MOU

Anil Ambani led Reliance Capital has signed up a deal with Japanese Nippon Life to evaluate collaboration across all financial sectors the company operates in. Anil Ambani expressed that Reliance Capital sees Nippon Life as a strategic and valuable partner. The two companies have already agreed to partner in Life Insurance business.

Nippon Life, a Fortune 100 company, is the single largest private life insurance company in Japan.

Reliance Capital operates in various business sectors and is ranked among first four private companies in financial services sector. The Asset Management Company is biggest in India. Reliance Capital AMC has a client base of more than 7 million.

In March this year, Nippon Life had agreed to buy 26% stake in Reliance Life Insurance for $680 million. The deal values the company at Rs 11500 crore or $2.6 billion.

Reliance Capital currently trades at Rs 379 on BSE, with a P/E ratio of 30 and market capital of Rs 9500 crore.

Google Video


User login

More on Similar Topics

No related items were found.

Gaming Tonight

Sony Reduces PlayStation Prices by 15%
Sat, 08/20/2011 - 07:50

Sony PlayStation 3 is being sold at a 15% lower price with the fall in prices in India. The step...

Entertainment Tonight

SRS All Set To Invest Rs 100 Cr To Launch New Screens
Mon, 08/22/2011 - 06:22

Diversified group SRS today announced that it would make an investment of Rs 100 crore to...

India Today

ICICI Bank Posts Impressive 20% Growth in Net Profit
Sat, 10/26/2013 - 10:00

Largest private sector bank in India, ICICI Bank has reported 20 percent increase in its...

UK News

Water Bills to Go Down With Subsidy
Wed, 11/30/2011 - 08:12

It has been revealed in a recent report that there is now rebate going to be received by the...

US News

Google Introduces New Features in Mapping Service
Wed, 11/30/2011 - 13:00

Often it happen when one has no clue where their desired shop is in the airport or which...