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Friday 2 September 2011

Reliance to buy 74% Stake in Nippon

Reliance Capital annouced partnership with Japanese insurance major Nippon Life . Reliance Capital is gazing this tie-up from a distribution and asset management perspective.Post the deal Rel Cap can hold 76% stake within the company and 26% are going to be controlled by Nippon underneath strategic agreements, Ghosh confirmed.

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