Reliance Life gets nod for $350 mn more equity from Nippon Life
The Foreign Investment Promotion Board has granted approval to Japan`s Nippon Life Insurance to increase its stake in Anil Ambani-led Reliance Life Insurance (RLI) to 49 percent, which will peg the valuation of the Indian company at $1.5 billion.
Mar 21, 2016, 14:10 PM IST