IFLR1000

Nippon Life Insurance Company Re12 billion acquisition of 14% stake in Reliance Capital Asset Management

25/11/2015
Private acquisition
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Re 12 billion

$ 186.685 million

Completed

25/11/2015

Overview:

  • Nippon Life Insurance Company has acquired a 14% stake of Reliance Capital Asset Management for Re12 billion from Reliance Capital.
  • The deal takes Nippon's stake to 49%.
  • Reliance Capital Asset Management is India's largest asset manager and part of the Reliance Group's financial services group Reliance Capital.

Katrin Kostadinova - Data analyst

Jurisdictions:

India
Japan

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sectors:

Insurance
Investment management

Firms:
Anderson Mori & Tomotsune

Party: Nippon Life Insruance (Acquirer)

Lawyer: Ryo Kotoura

JSA

Party: Reliance Capital (Seller)

Lawyer: Dina Wadia

Khaitan & Co

Party: Nippon Life Insruance (Acquirer)

Lawyer: Niren Patel

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