Reliance Nippon AMC makes smart debut; shares rise 13%

MUMBAI: Reliance Nippon Life Asset Management RNAM today made a smart debut at the bourses listing with an over 17 premium against the issue price of Rs 252 The Anil Ambani Groupcontrolled RNAMs scrip finally ended nearly 13 higher

Updated At : 07:05 AM Nov 07, 2017 IST

Reliance Group Chairman Anil Ambani along with mother Kokilaben, son Anmol Ambani, wife Tina Ambani and Nippon Life Insurance vice-chairman Takeshi Furuichi at the listing ceremony of Reliance Nippon AMC at the NSE in Mumbai on Monday. PTI

Mumbai, November 6

Reliance Nippon Life Asset Management (RNAM) today made a smart debut at the bourses, listing with an over 17% premium against the issue price of Rs 252. The Anil Ambani Group-controlled RNAM’s scrip finally ended nearly 13% higher.

The stock debuted at Rs 294, registering a sharp gain of 16.66% against the issue price on the BSE. During the day, it touched a high of Rs 298.70, up 18.53%. The stock finally ended with a gain of 12.69% at Rs 284.

At the NSE, shares of the company zoomed 12.85% to close at Rs 284.40. — PTI

Reliance Nippon AMC makes smart debut; shares rise 13%

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