Anil Ambani news Birla may buy heavily indebted company reliance capital check details – Business News India

Read on the app

Anil Ambani News: Aditya Birla Capital, the life insurance unit of Reliance Capital Limited, is in contact with Nippon Life regarding the possibility of a merger in case it emerges as the successful bidder for RNLIC. Sources gave this information on Monday.

Reliance Capital’s subsidiary Reliance Nippon Life Insurance Company (RNLIC), a Japanese company holding a 49 percent stake in Nippon Life, is thinking about merging Reliance Nippon Life and Sun Life Insurance. बिडला Sun Life, Aditya बिडला कापितल की ही एक अविटा है. At the same time, RNLIC is going through a debt process and is a subsidiary of Reliance Capital.

Also read- Paytm’s losses remain: ₹571 crore loss from July to September, revenue up 76%

According to the instructions of the insurance regulator Irda, no company is operating any of the life insurance units. Because of this, the promoters of Sun Life became the successful bidder for RCL in the event of a merger with Reliance Nippon Life. इस बारे में राजाया के लेये को ज़ाव का वेजेजे येमल को एदिला कापितल को को जवाई नहीं मिला है.

Also read- LIC has increased its stake in the Tata Group, buying about 67 lakh shares

Sources say that based on the assessment of both insurance companies, Nippon Life will reduce its stake from 49 percent to about 15 percent in the new entity. The last date for submitting a binding tender for RCL and its affiliates is 28 November. RCL’s insurance companies are part of this bidding process. In this, the bidder can place a combined bid for the company and its affiliates or they can also bid separately for the affiliates.


Source link

Leave a Reply

Your email address will not be published.