 "Nippon Life to invest $261 mn in Reliance fund unit-Nikkei")
Japan’s Nippon Life Insurance Co plans to invest about 20 billion yen (around$261 mn) in Reliance Capital Asset Management, the fund management unit of Reliance Capital , the Nikkei newspaper reported on Thursday.
Nippon Life has agreed to buy a 26 percent stake in the Reliance Capital subsidiary and the Japanese company will announce the investment later in the day, the paper said, citing unnamed sources.
[caption id=“attachment_187521” align=“alignleft” width=“380” caption=“Reuters”]  [/caption]
A Reliance Capital spokesman in Mumbai did not respond to phone calls by Reuters seeking comment.
Reliance Capital, controlled by billionaire Anil Ambani, agreed in March last year to sell a 26 percent stake in its life insurance business to Nippon Life for $680 million, valuing the business at $2.6 billion.
Reuters
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2012/01/RIL-REUTERS1.jpg){kind=link}