Reliance Capital to sell its stake in mutual funds to Japanese partner Nippon Life Insurance for ..... crore.

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Reliance Capital to sell its stake in mutual funds to Japanese partner Nippon Life Insurance for ____ crore.

A	Rs 4, 520
B	Rs 6, 000
C	Rs 5.250
D	Rs 3.810

Explanation:

Detailed explanation-1: -Under the deal, Reliance Capital will exit the mutual funds business by selling its stake in RNAM to Nippon Life Insurance. Reliance Capital, which will receive Rs 6,000 crore through sale of its stake, will utilise the amount to pare its debt.

Detailed explanation-2: -Aditya Birla Capital enters fray to pick up Reliance’s 51% stake in Nippon Life JV.

Detailed explanation-3: -Reliance Nippon Life Insurance Company is a part of Reliance Capital, a private sector financial services and non-banking company.

Detailed explanation-4: -Nippon India Mutual Funds (formerly Reliance Mutual Fund) is one of the leading asset management companies in India. It manages assets across managed accounts, mutual funds, pension funds, alternative investments, and offshore funds.

There is 1 question to complete.