Reliance Nippon Life Asset Management Ltd. (RNAM) is one of the largest asset management companies in India, managing total asset under management (AUM) of Rs. 3,625.5bn as of 30th Jun. 2017. It is ranked the 3rd largest asset management company with a market share of 11.4%. In FY16, it was ranked the second most profitable asset management company in India. Net proceeds from fresh issue will be utilized for - funding future inorganic growth & strategic initiatives; investment in the new...