Nippon Life Insurance Company has acquired 26 percent stake in Reliance Capital Asset Management for Rs. 1450 crore ($290 million)..Japanese firm Anderson Mori & Tomotsune advised Nippon Life Insurance with a team led by Partner Ryo Kotoura..Khaitan & Co acted as Indian legal advisor to Nippon Life Insurance with a team led by Partner Zakir Merchant. Partner Vaishali Sharma assisted on the Competition Law aspects of the transaction..Amarchand Mangaldas advised Reliance Capital. The team was led by Partners Vandana Shroff and Ravindra Bandhakavi..The deal values Reliance Capital Asset Management at Rs. 5,600 crore ($1.1 billion). Reliance Capital, the largest asset management company in India in terms, has under it Rs.1,40,000 crore ($28 billion) across mutual funds, government-sponsored public funds, managed accounts and hedge funds, reports ET..Nippon Life Insurance is already a strategic partner in Reliance Life Insurance. Reliance Life had sold 26 percent stake in its insurance business to Japanese insurance conglomerate, Nippon Life Insurance for Rs.3,062 crore ($680 million).
Nippon Life Insurance Company has acquired 26 percent stake in Reliance Capital Asset Management for Rs. 1450 crore ($290 million)..Japanese firm Anderson Mori & Tomotsune advised Nippon Life Insurance with a team led by Partner Ryo Kotoura..Khaitan & Co acted as Indian legal advisor to Nippon Life Insurance with a team led by Partner Zakir Merchant. Partner Vaishali Sharma assisted on the Competition Law aspects of the transaction..Amarchand Mangaldas advised Reliance Capital. The team was led by Partners Vandana Shroff and Ravindra Bandhakavi..The deal values Reliance Capital Asset Management at Rs. 5,600 crore ($1.1 billion). Reliance Capital, the largest asset management company in India in terms, has under it Rs.1,40,000 crore ($28 billion) across mutual funds, government-sponsored public funds, managed accounts and hedge funds, reports ET..Nippon Life Insurance is already a strategic partner in Reliance Life Insurance. Reliance Life had sold 26 percent stake in its insurance business to Japanese insurance conglomerate, Nippon Life Insurance for Rs.3,062 crore ($680 million).
