Rel Nip­pon Life AMC IPO to raise up to ₹1,542 crore

Hindustan Times ST (Jaipur) - - World -

MUM­BAI:

Re­liance Nip­pon Life As­set Man­age­ment Ltd’s ini­tial pub­lic of­fer­ing, the first by an In­dian mu­tual fund man­ager, seeks to raise up to ₹1,542 crore with the com­pany on Thurs­day set­ting a price range of ₹247-252 per share. The of­fer by the man­ager of In­dia’s third-big­gest mu­tual fund by as­sets un­der man­age­ment, which will run from Oc­to­ber 25 to Oc­to­ber 27, in­volves a 10% stake sale in the com­pany.

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