IRDAI approval was crucial for the transfer of insurance businesses of Reliance Capital to IIHL. Reliance Capital is one of the promoters of Reliance General Insurance and Reliance Nippon Life Insurance.

Reliance Capital takeover: Hinduja’s IIHL gets regulator nod for Rs 9,650-crore buy. Here’s what happens next

The company reported Rs 108 crore in net income for the year, which is a 65% growth over FY22.

Reliance Nippon Life Declares Rs 344 Crore Bonus To Policyholders

Reliance Nippon Life has assets under management of Rs 30,609 crore and a total sum assured of Rs 85,950 crore as of March 2023.

Reliance Nippon Life declares Rs 344 crore bonus to policyholders

The Maharashtra State Consumer Disputes Redressal Commission recently directed Reliance Nippon Life Insurance Limited to pay ₹60 lakh along with 12% interest and an additional ₹2 lakh as compensation for mental and physical harassment of the widow of a policyholder.

Consumer Commission directs Reliance Life Insurance to pay ₹60 lakh with interest to widow of policyholder

Institutional investors such as mutual funds, including Reliance Nippon, and individuals had put as much as ₹8,415 crore in Yes Bank’s AT-1 bonds. Subsequently, the bank’s AT-1 retail bondholders moved court to challenge the decision and reclaim their money.

RBI, Yes Bank move SC against HC order setting aside ₹8.4k cr AT-1 bonds writeoff

RBI, Yes Bank move SC against HC order setting aside Rs 8.4k cr AT-1 bonds writeoff

The race for acquisition of Reliance Capital’s 51 per cent stake in Reliance Nippon Life Insurance Co is intensifying, with the top brass of Japanese partner in the joint venture likely to visit India

Battle for Reliance Nippon Life Insurance: Nippon top brass 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 RNL…

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

Sources say Nippon Life of Japan not keen on diluting its holding in Reliance Nippon Life Insurance Company to less than 10%--something that the merger will bring about

Nippon Life, Birla Sun Life merger talks fail ahead of RCap deal deadline

The talks were initiated after a court-appointed administrator of Reliance Capital put the 51% stake in Reliance Nippon Life on sale

Aditya Birla Group, Nippon Life in talks to merge Indian life insurance JVs

The Committee of Creditors (CoC) has approved Aditya Birla Capital Ltd to bid for RNLIC, sources said. Reliance Nippon Life Insurance is a 51:49 joint venture between Reliance Capital and Nippon Life of Japan.

Lenders permit Aditya Birla Capital to bid for Reliance Nippon Life

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Formerly Reliance Mutual Fund, the company is an investment management firm.