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.

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