Japanese insurance player, Nippon Life Insurance is buying a 26% stake in Reliance Mutual Fund, the mutual fund subsidiary of the Indian business house, Reliance Group. Nippon Life will negotiate with Reliance Group about the detailed terms and conditions, and this purchase is expected to be completed within several months. Last year, Nippon Life invested in Reliance Life Insurance Company….
Japanese insurance player buys stake in Indian mutual fund house
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