Competition Commission has approved Japanese insurer Nippon Life’s additional 23 per cent stake purchase plan in Reliance Life Insurance in a deal worth Rs 2,265 crore.
Once the deal is complete, Nippon Life Insurance would have 49 per cent stake in the company, the maximum ownership allowed for a foreign player in a domestic private insurer.
With the new…
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Source: https://www.pymnts.com/cpi-posts/india-nippon-gets-cci-nod-for-hiking-stake-in-reliance-life-to-49/