• About Us
  • Contact Us
Current Date

  • Login
  • Register
B2B Market Media
  • Home
  • Fintech
    UGRO Capital to raise Rs 1,315 crore for MSME lending expansion

    UGRO Capital to raise Rs 1,315 crore for MSME lending expansion

    MobiKwik unveils Pocket UPI for better budgeting and security

    MobiKwik unveils Pocket UPI for better budgeting and security

    Zaggle and Mesh Payments to advance global spend management market for India

    Zaggle and Mesh Payments to advance global spend management market for India

    BharatPe raises Rs 125 crore in debt funding for business expansion

    BharatPe raises Rs 125 crore in debt funding for business expansion

    Bankbazaar makes its debut in gold loans with Muthoot Fincorp partnership

    Bankbazaar makes its debut in gold loans with Muthoot Fincorp partnership

    Zaggle receives TPAP approval from NPCI for UPI-based payment solutions

    Zaggle receives TPAP approval from NPCI for UPI-based payment solutions

  • BFSI
    FIDC announces Raman Aggarwal as its new CEO

    FIDC announces Raman Aggarwal as its new CEO

    Dhansafal signs co-lending deal with Vastu Finserve to bridge credit gaps

    Dhansafal signs co-lending deal with Vastu Finserve to bridge credit gaps

    Digital resilience in focus as BharatCoop 2025 gathers industry pioneers

    Digital resilience in focus as BharatCoop 2025 gathers industry pioneers

    IIFL Finance gets RBI nod to open Branches in Jammu & Kashmir

    IIFL Finance gets RBI nod to open Branches in Jammu & Kashmir

    Bajaj Finance embarks on digital overhaul with PennApps Lending Factory

    Bajaj Finance embarks on digital overhaul with PennApps Lending Factory

    SBM Bank India and ICICI Prudential Life Insurance to offer comprehensive financial protection

    SBM Bank India and ICICI Prudential Life Insurance to offer comprehensive financial protection

  • Education
    Punjab strengthening higher education with strategic reforms

    Punjab strengthening higher education with strategic reforms

    Technology and innovation shine at WEBCon 2025 in Chandigarh

    Technology and innovation shine at WEBCon 2025 in Chandigarh

    Driving academic excellence via examination reforms, digital transformation and global collaborations

    Exclusive | Globalisation in higher education: Making Indian universities world-class author 

    Exclusive | Globalisation in higher education: Making Indian universities world-class author 

    Exclusive | Balancing academic excellence, industry needs and sustainability in higher education

    Exclusive | Balancing academic excellence, industry needs and sustainability in higher education

    Upskilling faculty for the digital age: Challenges, strategies and opportunities 

    Upskilling faculty for the digital age: Challenges, strategies and opportunities 

  • Enterprise
    B2B Market Media | The Founder Media hosts Jury Meet for OOH Phoenix Awards 2025

    B2B Market Media | The Founder Media hosts Jury Meet for OOH Phoenix Awards 2025

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Bharti Airtel and Bajaj Finance join forces to build digital financial platform

    Abhinandan Narayan joins Revfin as Chief Business Officer

    Abhinandan Narayan joins Revfin as Chief Business Officer

    Swiggy elevates Sidharth Bhakoo as Chief Business Officer – Food Marketplace 

    Swiggy elevates Sidharth Bhakoo as Chief Business Officer – Food Marketplace 

    Usha Financial Services’s IPO sees strong demand, oversubscribes 1.31x on day one

    Nupur Recyclers reports strong Q2 FY25 financial performance, announces strategic expansion plans

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

    Paytm Payments Bank names Manish Kumar as Chief Human Resources Officer

  • Health
    Healerji to redefine holistic healing and wellness

    Healerji to redefine holistic healing and wellness

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    CCI approves acquisition of certain stake of Lenskart Solutions by Kedaara Capital Fund

    Bajaj Finserv Health acquires Vidal Health Care

    Perfios gets $229 million from Kedaara Capital

    Answer Genomics raises $500K in Pre-Series A Round from Inflection Point Ventures

    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

  • Pharma
    Kaisha Packaging’s Sycure AD bags Red Dot Award

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

  • Technology
    Poonawalla Fincorp introduces AI-backed regulatory response engine

    Poonawalla Fincorp introduces AI-backed regulatory response engine

    GoTrust raises $400K pre-seed funding to solidify data compliance offerings

    GoTrust raises $400K pre-seed funding to solidify data compliance offerings

    Coforge implements AI-driven Dispute Management module for financial services

    Coforge implements AI-driven Dispute Management module for financial services

    Firstsource names Shamita Mukherjee as new CHRO

    Firstsource names Shamita Mukherjee as new CHRO

    Acuity rolls out its AI platform Acuity Agent Fleet

    Acuity rolls out its AI platform Acuity Agent Fleet

    Patanjali’s Tech Arm debuts in banking sector with AI-driven ERP platform

    Patanjali’s Tech Arm debuts in banking sector with AI-driven ERP platform

  • Interviews
    Digital shift, local impact: How Janata Sahakari Bank is balancing legacy with innovation

    Digital shift, local impact: How Janata Sahakari Bank is balancing legacy with innovation

    Powering financial access in India

    Powering financial access in India

    Decimal Technologies scaling BFSI innovation with ‘no-code’ leadership

    Decimal Technologies scaling BFSI innovation with ‘no-code’ leadership

    Optimising FinTech with cloud: Faster, smarter and more secure

    Optimising FinTech with cloud: Faster, smarter and more secure

    Simplicity in technology makes life and business enjoyable

    Simplicity in technology makes life and business enjoyable

    SIDBI to lead in tech-driven solutions for MSME sector

    SIDBI to lead in tech-driven solutions for MSME sector

  • Events
  • Home
  • Fintech
    UGRO Capital to raise Rs 1,315 crore for MSME lending expansion

    UGRO Capital to raise Rs 1,315 crore for MSME lending expansion

    MobiKwik unveils Pocket UPI for better budgeting and security

    MobiKwik unveils Pocket UPI for better budgeting and security

    Zaggle and Mesh Payments to advance global spend management market for India

    Zaggle and Mesh Payments to advance global spend management market for India

    BharatPe raises Rs 125 crore in debt funding for business expansion

    BharatPe raises Rs 125 crore in debt funding for business expansion

    Bankbazaar makes its debut in gold loans with Muthoot Fincorp partnership

    Bankbazaar makes its debut in gold loans with Muthoot Fincorp partnership

    Zaggle receives TPAP approval from NPCI for UPI-based payment solutions

    Zaggle receives TPAP approval from NPCI for UPI-based payment solutions

  • BFSI
    FIDC announces Raman Aggarwal as its new CEO

    FIDC announces Raman Aggarwal as its new CEO

    Dhansafal signs co-lending deal with Vastu Finserve to bridge credit gaps

    Dhansafal signs co-lending deal with Vastu Finserve to bridge credit gaps

    Digital resilience in focus as BharatCoop 2025 gathers industry pioneers

    Digital resilience in focus as BharatCoop 2025 gathers industry pioneers

    IIFL Finance gets RBI nod to open Branches in Jammu & Kashmir

    IIFL Finance gets RBI nod to open Branches in Jammu & Kashmir

    Bajaj Finance embarks on digital overhaul with PennApps Lending Factory

    Bajaj Finance embarks on digital overhaul with PennApps Lending Factory

    SBM Bank India and ICICI Prudential Life Insurance to offer comprehensive financial protection

    SBM Bank India and ICICI Prudential Life Insurance to offer comprehensive financial protection

  • Education
    Punjab strengthening higher education with strategic reforms

    Punjab strengthening higher education with strategic reforms

    Technology and innovation shine at WEBCon 2025 in Chandigarh

    Technology and innovation shine at WEBCon 2025 in Chandigarh

    Driving academic excellence via examination reforms, digital transformation and global collaborations

    Exclusive | Globalisation in higher education: Making Indian universities world-class author 

    Exclusive | Globalisation in higher education: Making Indian universities world-class author 

    Exclusive | Balancing academic excellence, industry needs and sustainability in higher education

    Exclusive | Balancing academic excellence, industry needs and sustainability in higher education

    Upskilling faculty for the digital age: Challenges, strategies and opportunities 

    Upskilling faculty for the digital age: Challenges, strategies and opportunities 

  • Enterprise
    B2B Market Media | The Founder Media hosts Jury Meet for OOH Phoenix Awards 2025

    B2B Market Media | The Founder Media hosts Jury Meet for OOH Phoenix Awards 2025

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Bharti Airtel and Bajaj Finance join forces to build digital financial platform

    Abhinandan Narayan joins Revfin as Chief Business Officer

    Abhinandan Narayan joins Revfin as Chief Business Officer

    Swiggy elevates Sidharth Bhakoo as Chief Business Officer – Food Marketplace 

    Swiggy elevates Sidharth Bhakoo as Chief Business Officer – Food Marketplace 

    Usha Financial Services’s IPO sees strong demand, oversubscribes 1.31x on day one

    Nupur Recyclers reports strong Q2 FY25 financial performance, announces strategic expansion plans

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

    Paytm Payments Bank names Manish Kumar as Chief Human Resources Officer

  • Health
    Healerji to redefine holistic healing and wellness

    Healerji to redefine holistic healing and wellness

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    CCI approves acquisition of certain stake of Lenskart Solutions by Kedaara Capital Fund

    Bajaj Finserv Health acquires Vidal Health Care

    Perfios gets $229 million from Kedaara Capital

    Answer Genomics raises $500K in Pre-Series A Round from Inflection Point Ventures

    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

  • Pharma
    Kaisha Packaging’s Sycure AD bags Red Dot Award

    Kaisha Packaging’s Sycure AD bags Red Dot Award

    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

  • Technology
    Poonawalla Fincorp introduces AI-backed regulatory response engine

    Poonawalla Fincorp introduces AI-backed regulatory response engine

    GoTrust raises $400K pre-seed funding to solidify data compliance offerings

    GoTrust raises $400K pre-seed funding to solidify data compliance offerings

    Coforge implements AI-driven Dispute Management module for financial services

    Coforge implements AI-driven Dispute Management module for financial services

    Firstsource names Shamita Mukherjee as new CHRO

    Firstsource names Shamita Mukherjee as new CHRO

    Acuity rolls out its AI platform Acuity Agent Fleet

    Acuity rolls out its AI platform Acuity Agent Fleet

    Patanjali’s Tech Arm debuts in banking sector with AI-driven ERP platform

    Patanjali’s Tech Arm debuts in banking sector with AI-driven ERP platform

  • Interviews
    Digital shift, local impact: How Janata Sahakari Bank is balancing legacy with innovation

    Digital shift, local impact: How Janata Sahakari Bank is balancing legacy with innovation

    Powering financial access in India

    Powering financial access in India

    Decimal Technologies scaling BFSI innovation with ‘no-code’ leadership

    Decimal Technologies scaling BFSI innovation with ‘no-code’ leadership

    Optimising FinTech with cloud: Faster, smarter and more secure

    Optimising FinTech with cloud: Faster, smarter and more secure

    Simplicity in technology makes life and business enjoyable

    Simplicity in technology makes life and business enjoyable

    SIDBI to lead in tech-driven solutions for MSME sector

    SIDBI to lead in tech-driven solutions for MSME sector

  • Events
No Result
View All Result
B2B Market Media
No Result
View All Result
Home BFSI

Battle for Reliance Nippon Life Insurance: Nippon top brass likely to visit India

Japan's Nippon Life, which holds 49 per cent stake in RNLIC, is opposed to the entry of Aditya Birla Sun Life in the race to acquire Reliance Capital's stake in RNLIC. The visit coincides with the deadline for submitting the final binding bids for Reliance Capital and its subsidiaries, including RNLIC.

by
3 years ago
in BFSI, Enterprise
A A
0
NARCL to make its first acquisition in Jaypee Infratech
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The race for acquisition of Reliance Capital’s 51 per cent stake in Reliance Nippon Life Insurance Co (RNLIC) is intensifying, with the top brass of the Japanese partner in the joint venture likely to visit India this week to flag its concerns with the ongoing resolution process under insolvency laws, sources said. Japan’s Nippon Life, which holds 49 per cent stake in RNLIC, is opposed to the entry of Aditya Birla Sun Life in the race to acquire Reliance Capital’s stake in RNLIC.

Sources with knowledge of the matter said Nippon Life’s Global President Hiroshi Shimizu along with Minoru Kimura, managing executive officer and head of global business, Nippon Life Insurance, and Tomohiro Yao, regional CEO, Nippon Life Asia Pacific and Director, RNLIC, are likely to visit Mumbai on Monday.

Shimizu and his team may meet senior officials of the Reserve Bank of India (RBI) and other stakeholders, and apprise them of their position with regard to their investment in RNLIC and their long-term commitment to the Indian insurance sector.

The visit coincides with the deadline for submitting the final binding bids for Reliance Capital and its subsidiaries, including RNLIC.

Sources said Nippon Life has already made it clear to Y Nageshwar Rao, the insolvency administrator of Reliance Capital, that the company is opposed to the entry of Aditya Birla Sun Life in the bidding process of RNLIC.

It does not want to merge with Birla Sun Life or sell its 49 per cent stake in the Indian outfit, sources said, adding Nippon has emphasised that they are a committed long-term player in the Indian life insurance business, and so merging with another life insurance company is not an option for them.

Nippon Life has also made its position clear to the top management of Aditya Birla Sun Life, and its foreign partner Sun Life Financial Inc.

To counter the Aditya Birla bid, Nippon Life is also preparing to bid for Reliance Capital’s 51 per cent stake in RNLIC in partnership with an Indian company, as Indian regulations restrict the holding of foreign companies in the insurance sector at 74 per cent.

Sources said Nippon is in talks with Torrent, Cosmea and Hinduja to form a strategic partnership for this bid.

Aditya Birla is keen to make a bid for RNLIC. No bids were received in the first round for Reliance Capital’s 51 per cent stake. Reliance Capital is being sold to recover unpaid bank dues.

Nippon Life, which already holds 49 per cent in RNLIC, is keen on acquiring this 51 per cent stake, in partnership with a strategic investor. Nippon had held several meetings with the Reliance Capital administrator and briefed him about its plans.

But the sudden entry of Aditya Birla Sun Life Insurance has upset the company and its plans.

In case Birla Sun Life succeeds in acquiring the 51 per cent stake in RNLIC, it will have to merge RNLIC with its existing insurance company — Birla Sun Life Insurance — due to the IRDA guidelines of no cross-holding being allowed between two insurance companies.

The merger would hugely dilute Nippon Life’s stake to below 10 per cent in the merged entity. It would also lose all the shareholder and governance rights that exist in terms of nominating the CEO, equal representation on the board, member of the audit committee, and veto rights on the reserved matters, in RNLIC.

0Like
0Dislike
50% LikesVS
50% Dislikes
Source: Economic Times
Tags: bfsiInsuranceNippon Life InsuranceReliance Nippon
Previous Post

IDBI Bank to continue as ‘Indian private sector bank’ post strategic sale

Next Post

As Rishi Sunak mulls crackdown on foreign students, Indians has this request

Related Posts

FIDC announces Raman Aggarwal as its new CEO
BFSI

FIDC announces Raman Aggarwal as its new CEO

28/05/2025
Dhansafal signs co-lending deal with Vastu Finserve to bridge credit gaps
BFSI

Dhansafal signs co-lending deal with Vastu Finserve to bridge credit gaps

28/05/2025
Digital resilience in focus as BharatCoop 2025 gathers industry pioneers
BFSI

Digital resilience in focus as BharatCoop 2025 gathers industry pioneers

27/05/2025
Next Post
As Rishi Sunak mulls crackdown on foreign students, Indians has this request

As Rishi Sunak mulls crackdown on foreign students, Indians has this request

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our Newsletter
johnsmith@example.com

Recent News

FIDC announces Raman Aggarwal as its new CEO

FIDC announces Raman Aggarwal as its new CEO

28/05/2025
Dhansafal signs co-lending deal with Vastu Finserve to bridge credit gaps

Dhansafal signs co-lending deal with Vastu Finserve to bridge credit gaps

28/05/2025
Digital resilience in focus as BharatCoop 2025 gathers industry pioneers

Digital resilience in focus as BharatCoop 2025 gathers industry pioneers

27/05/2025
IIFL Finance gets RBI nod to open Branches in Jammu & Kashmir

IIFL Finance gets RBI nod to open Branches in Jammu & Kashmir

27/05/2025
B2B Market Media

B2B Market Media emerges as your trusted partner for forging connections and fueling breakthroughs. Our mission is simple: to bridge the gap among industry leaders, innovators and decision-makers across sectors like Banks, Education, Urban Cooperative Banks, NBFCs & MFIs, and Insurance Companies.

Quick Links

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Refund Policy
  • Terms and Conditions

All News

  • BFSI
  • Edtech
  • Education
  • Enterprise
  • Financial Inclusion
  • Fintech
  • Health
  • Interviews
  • Pharma
  • Startup
  • Technology
  • Uncategorized

Follow Linkedin Newsletter to receive latest news & events updates. Let’s stay updated!

Subscribe on LinkedIn
  • About Us
  • Contact Us

© 2023 b2bmarketmedia

No Result
View All Result
  • Home
  • About Us
  • Upcoming Events
  • Fintech
  • BFSI
  • Education
  • Technology
  • Startup
  • Enterprise
  • Pharma
  • Contact Us
  • Login
  • Sign Up

© 2023 b2bmarketmedia

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In