Two foreign funds have picked up 4.5% stake in the Reliance AMC
Jul 19 2017
News Category: AMC Specific Updates
Reliance Capital Limited (RCL) has sold 4.43% of the total issued subscribed and paid-up equity share capital of Reliance Nippon Life Asset Management Limited to Nippon Life Insurance (NLI) Company. Consequently, RCL’s holding now stands at 46.57% & NLI’s holding at 49% of the total issued subscribed and paidup equity share capital of Reliance Nippon Life Asset Management Limited.