Brief: India's Reliance Capital Sells 17.06% Of Shareholding In Reliance Nippon Life Asset Management

Nippon Life India Asset Management

13/09/2019 10:11

Sept 13 (Reuters) - Reliance Nippon Life Asset Management
Ltd  RELL.NS :
    * HAS SOLD 17.06% OF SHAREHOLDING IN RELIANCE NIPPON LIFE
ASSET
MANAGEMENT, AGGREGATING OVER  24.80 BILLION RUPEES
    * EXPECTS TO REDUCE ITS DEBT BY AT LEAST 120 BILLION RUPEES
($ 1.7
BILLION), OR 70%, IN THE CURRENT FINANCIAL YEAR
    * INDIA'S RELIANCE CAPITAL SAYS TO RECEIVE $860 MILLION VIA
RNAM
STAKE SALE AND DEAL WITH NIPPON LIFE INSURANCE COMPANY OF JAPAN

Source text for Eikon:  ID:nBSE9nf7RH 
Further company coverage:  RELL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))