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Reliance Nippon Life Asset Management to be listed in bourses

The board of Reliance Nippon Life Asset Management Ltd (RNAM) has given its approval to list the company's equity shares on the bourses, the company said on Wednesday. In a statement issued here, RNAM said its board of directors have given their nod to list the company's equity shares on the stock exchanges subject to necessary regulatory and corporate approvals. RNAM is the asset manager to Reliance Mutual Fund and will be the first among the top three players in the asset management sector to list its shares on exchanges. "The proposed listing of RNAM would facilitate sharing of value with the retail investors applying for its IPO (initial public offering)," the statement said. 

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