Nippon Life to increase stake in Reliance Life Insurance

Q.  Japanese insurer Nippon Life will increase stake in which Indian insurance company?
- Published on 25 Nov 15

a. GIC
b. LIC
c. Reliance Life Insurance
d. None of the above

ANSWER: Reliance Life Insurance
 
Japanese insurer Nippon Life will increase in stake in Reliance Life Insurance to 49% from 26% by investing INR 2265 crore. Deal values new entity Reliance Nippon Life Insurance Company at INR 10000 crore making it one of the highest valuations for insurance companies in the nation.

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