Reliance Mutual Fund renamed Nippon India Mutual Fund

Reliance Mutual Fund announced that it has renamed as Nippon India Mutual Fund. Nippon Life Insurance had recently completed the purchase of 75 per cent stake in company to become the single largest shareholder in the company. Continue Reading

Reliance Capital to scrap off stake in Reliance Nippon

Reliance Capital will sell up to 1.93 crore shares, representing 3.15 per cent equity, in Reliance Nippon Life Asset Management (RNAM) for over Rs 505 crore on stock exchanges through “Offer for Sale” route on Wednesday and Thursday. Continue Reading