Nippon Life to buy 26% Reliance Life pie for $680m

Japanese insurance firm Nippon Life Insurance Company will acquire a 26 per cent stake in Reliance Life Insurance for $680 million. "Nippon Life Insurance will invest an aggregate value of Rs 3,062......

ICICI Pru AMC sets price band for IPO, seeks Rs 1.07 trillion valuation

ICICI Prudential Asset Management Company has set a price band of Rs 2,061– Rs 2,165 per share for its Rs 10,600-crore initial public offering (IPO) that will open on Friday. At the upper end of......

Nippon to acquire 23% stake in Reliance Life

The planned deal will reduce Reliance Capital's stake in Reliance Life Insurance to 51 per cent from 74 per cent. Japan's Nippon Life Insurance plans to acquire another 23 per cent stake in......

LIC is world's fourth-largest insurer: S&P Global

Insurance behemoth Life Insurance Corporation of India (LIC) is the fourth largest insurer in the world, according to a ranking based on life and accident & health reserves of companies in 2022 by......