Reliance Capital completes 21.54% stake sale in RNAMReliance Capital will further monetise its balance 4.28 per cent stake in RNAM worth around Rs 700 crore, it said.
RCap's stake sale in RNAM to be completed by month endIndia now is a key market for Nippon Life, Sikka said.
No pledged shares of RNAM invoked by any lender: Reliance CapitalThe clarification comes following a report suggesting that Reliance Capital has pledged 22 per cent of its stake in RNAM.
Reliance Capital garners Rs 2,480 crore via three OFS issuesReliance Capital has sold 17.06 per cent of its shareholding in RNAM aggregating over Rs 2,480 crore.
RNAM retail quota subscribed 24%; SBI Life institutional bids at 15%RNAM saw institutional investors bids 1.3 times the institutional quota on Day 1 on Wednesday.
Nippon Life Insurance raises stake in RNAM to 54%The open offer was part of the stake sale process.
Reliance Capital sells 10.75% stake in RNAM for Rs 1,450 crReliance Capital expects to reduce its debt by at least Rs 12,000 crore.
Reliance Capital's OFS on RNAM oversubscribed 2.50 timesNippon Life Insurance sold over 8 per cent of its shareholding in RNAM.
Nippon Life makes open offer to acquire 22.49% stake in RNAMTransaction is to be payable in cash for a total consideration of Rs 3,179.41 crore.
Nippon Life makes open offer to acquire 22.49 per cent stake in RNAMThe transaction is to be payable in cash for a total consideration of Rs 3,179.41 crore.
Can Nippon takeover of RNAM be a win-win deal for investors?A takeover or buyout of a fund house usually has no bearing on mutual fund investors.
Reliance Capital releases pledge on 8.66% shareholding in RNAMPromoter stake in RNAM stood at 85.75 per cent as of March 31.
RNAM Q4 profit jumps 34% YoY to Rs 151 croreRNAM's assets under management at the end of fiscal 2019 were Rs 422,149 crore, an increase of 7% YoY.
Overseas roadshow for Reliance Nippon Life AMC's IPO beginsIt will be the first initial public offer (IPO) from the Reliance Group after Reliance Power in 2008.
Overseas roadshow for Reliance Nippon Life AMC's IPO beginsThe IPO size works out to 10 per cent of the post issue paid-up capital of RNAM.
Rel Nippon Life AMC files IPO papers; eyes Rs 18,000 crore valuationIt will also be the first IPO from Reliance Group after Reliance Power in 2008.
Reliance AMC to float IPO, will be first MF to get listedThe IPO may get a valuation of Rs 20,000 crore, said a PTI report.