New Delhi, Sep 1 (IANS) Reliance Capital, partial of a Anil Ambani-led Reliance Group, Thursday pronounced it had sealed an agreement with Japan?s Nippon Life Insurance to pursue serve partnerships to yield a horde of financial services in India.
Nippon Life Insurance, has already concluded to acquire a 26 percent vital interest in Reliance?s life word arm during an total value of Rs.3,062 crore ($680 million) ? a transaction that is approaching to interpretation soon.
?Nippon Life and Reliance share an matching prophesy of formulating higher value for all stakeholders, including customers, employees and shareholders, by building of prolonged tenure relationships,? authority Anil Ambani pronounced after signing a agreement with Nipon.
Ambani sealed a agreement in Tokyo with Yoshinobu Tsutsui, boss of Nippon Life.
?Nippon Life has already concluded to be a partner in a life word business, and we see good intensity to work together opposite a other financial services businesses,? combined Ambani.
Nippon Life will be evaluating opportunities ? including vital partnership ? opposite all Reliance Capital promoted financial businesses including item management.
Reliance Capital Asset Management is a largest item government association in India and manages over Rs.104,136 crore ($23 billion) opposite mutual funds, grant funds, managed accounts and sidestep supports and has over 7 million investors.
Reliance Capital is among a tip 4 private financial services organisation and has interests in mutual funds, life and ubiquitous insurance, blurb finance, equities and line broking, investment banking, resources government services, placement of financial products, private equity and other activities in financial services.
Source: http://lifeinsurancehealth.net/reliance-capital-pact-with-nippon-in-areas-beyond-insurance/
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