Reliance Capital (Rcap) on Thursday said it will exit the mutual funds business by selling its stake in Reliance Nippon Life Asset Management Ltd (RNAM) to its joint venture partner Japan's Nippon Life Insurance. Both partners hold 42.88 per cent each in the company, while the rest is with public shareholders.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2JxVjwB
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