by AIP Online Bureau | Nov 27, 2022 | Indian News, Life, Regulation
To counter the Aditya Birla bid, Nippon Life is also preparing to bid for Reliance Capital’s 51 per cent stake in RNLIC in partnership with an Indian company, as Indian regulations restrict the holding of foreign companies in the insurance sector at 74 per cent...
by AIP Online Bureau | Oct 17, 2022 | Banking & Bancassurance, Indian News, Life
The Committee of Creditors (CoC) has approved Aditya Birla Capital Ltd to bid for RNLIC, sources said. Reliance Nippon Life Insurance is a 51:49 joint venture between Reliance Capital and Nippon Life of Japan Mumbai: Lenders to debt-ridden Reliance Capital have...
