The Competition Commission of India (CCI) has approved Nippon Life’s proposed acquisition of a 26 percent share in RCAML. RCAML is Reliance Capital’s mutual fund business. The deal, valued at Rs 1,450 crore (approximately $290 million), sets the record for the largest Foreign Direct Investment deal in an Indian asset management company. Nippon Life holds a 26 percent equity share in Reliance Life Insurance Company, a subsidiary of Reliance Capital.
Full content: Business Standard
Related content: Competition Law: A Merger Perspective (Atul Dua, Atul Dua & Associates)
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