Reliance Capital Limited (NSEI:RELCAPITAL) on May 28, 2019 said it has exercised the "Green-Shoe" option in its ongoing Offer for Sale (OFS) and will sell over 8% of its shareholding in Reliance Nippon Life Asset Management Limited (RNAM) via this route aggregating about INR 11 billion. The entire RNAM stake monetization proceeds of about INR 60 billion (about $860 million) to be received from the OFS and the already announced transaction with Nippon Life Insurance company of Japan will be utilised to reduce Reliance Capital's outstanding debt.
Nippon Life India Asset Management Limited
Equities
NAM-INDIA
INE298J01013
Investment Management & Fund Operators
End-of-day quote
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5-day change | 1st Jan Change | ||
598.7 INR | +2.64% | +3.21% | +33.68% |
04-25 | Jefferies Adjusts Nippon Life India’s Price Target to INR680 From INR610, Keeps at Buy | MT |
04-24 | Transcript : Nippon Life India Asset Management Limited, Q4 2024 Earnings Call, Apr 24, 2024 |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+33.68% | 4.53B | |
-9.88% | 85.22B | |
+14.68% | 84.08B | |
+10.89% | 25.67B | |
-4.06% | 17.89B | |
+0.91% | 14.75B | |
-21.52% | 12.3B | |
+22.24% | 10.03B | |
+20.47% | 8.36B | |
+27.09% | 7.13B |
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- Reliance Capital Exercises Green-Shoe Option In Ongoing OFS