Nippon which acquires additional 21.54% stake in Reliance Nippon
| Nippon which acquires additional 21.54% stake in Reliance Nippon Life Asset Management is a company of which country?
A. China
B. Russia
C. USA
D. Japan
E. South Korea
Please scroll down to see the correct answer and solution guide.
Right Answer is: D
SOLUTION
● The organization was renamed following the purchase of 75% stake in Reliance Nippon Life Asset Management by Nippon Life Insurance.
● In Reliance Mutual Fund, both Reliance Capital and Nippon Life (Japan’s largest life insurance company) held 42.88% stake each, while the rest was with the public shareholder.