Reliance Capital Limited (NSEI:RELCAPITAL) is in talks with investors such as private equity firms to sell its balance 11% stake in Reliance Nippon Life Asset Management Limited (NSEI:RNAM), said a person familiar with the matter. At Reliance Nippon's closing price of INR 246.25 on August 13, 2019, the stake sale would fetch Reliance Capital INR 16.57 billion. A spokesperson for Reliance Capital declined to comment.
Nippon Life India Asset Management Limited
Equities
NAM-INDIA
INE298J01013
Investment Management & Fund Operators
End-of-day quote
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5-day change | 1st Jan Change | ||
584.4 INR | +3.86% | +5.62% | +30.48% |
EPS Revisions
1st Jan change | Capi. | |
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+30.48% | 4.26B | |
-5.45% | 89.78B | |
+16.80% | 86.7B | |
+14.32% | 26.57B | |
-1.00% | 18.63B | |
+5.11% | 14.16B | |
-14.90% | 13.34B | |
+14.21% | 9.34B | |
+26.04% | 8.71B | |
+22.07% | 6.93B |
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- Reliance Capital Reportedly In Talks To Sell Residual Stake In AMC