Nippon agrees $2.6 billion valuation for Reliance Life

Nippon Life Insurance buys a 26% stake in Anil Ambani's life insurance company, paying $680 million to become a strategic investor in India's last independent life insurer.
March 16, 2011

Nippon Life Insurance has agreed to pay $680 million to buy a 26% strategic stake in Anil Ambani’s Reliance Life Insurance. The two companies announced the deal on Monday, in the aftermath of a devastating earthquake and tsunami in Japan.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media