A PYMNTS Company

Nippon Life cleared to set record Foreign Direct Investment in India

By  |  May 17, 2012

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Business Standard

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content: Competition Law: A Merger Perspective (Atul Dua, Atul Dua & Associates)

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.