Reliance Nippon Life Debuts With 18% Top Class At Rs 297.55 Per Share

Reliance Nippon life Asset management began off first trade at Rs 297.55 on the National Stock Exchange, a premium of 18 % over issue price.

Reliance Nippon Life Asset Managemnet share worth started off first exchange at Rs 297.55 on the National Stock Exchange, a whopping top rate of 18 % over difficulty worth of Rs 252.The Stock touched a excessive of Rs 299 and low of Rs 278 in morning trade.The scrip value used to be at Rs 288.60 on the NSE, higher  by way of 14.5 % over difficulty worth, but it was lower with the aid of 2.5 percent from its pre-opening price.

In pre-opening trade, the Stock was settled at Rs 295.90.Reliance Nippon life Asset management (RNAM) is the first asset management company getting listed on exchanges.The company's Rs 1,540-crore IPO used to be oversubscribed 81.54  instances all over October 25-27.

This used to be additionally the primary IPO from the Reliance group after Reliance power in 2008. Different listed companies of the staff include Reliance Capital, Reliance home Finance, Reliance Communications, Reliance Naval and Engineering and Reliance Infra. Promoters Reliance Capital and Nippon life mutually bought 36.72 million shares.

Reliance Capital and Japan's Nippon existence bought shares price as much as Rs 283 crore and Rs 642 crore, respectively in the IPO.

The Adviser Street is a leading Indian Financial Management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions and high-net-worth individuals.

Visit - Adviser Street

Contact - 8818888127