Corporate Announcement
Security Code : 500111    Company : RELCAPITAL    
 
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseDownload PDF Download XBRL
  Exchange Received Time  28/09/2019 17:21:09         Exchange Disseminated Time   9/28/2019 5:21:15 PM              Time Taken   00:00:06
Reliance Capital Ltd. today announced it has concluded transaction with Nippon Life Insurance Company of Japan to sell its stake in Reliance Nippon Life Asset Management Ltd.

Reliance Capital has received proceeds of approx. Rs. 5,500 crore (US$ 785 million) through sale of its shareholding to Nippon Life Insurance Company and through offers for sale.
 

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