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Not here to Sell or Promote. Financially independent. Algo trader. Brutally honest. 18+ Years in Market still Learning.
Nippon Life may have pulled off one of the best deals in India's mutual fund industry.
Between 2012 and 2019, it invested โน7,450 crore to acquire Anil Ambani's Reliance AMC.
Today, Nippon owns 71.93% of the company, a stake worth โน55,700 crore.
With India's mutual fund industry still in its growth phase, Nippon could be sitting on a goldmine.
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No recommendation. This post is only for information purposes.