Anil Ambani-led Reliance Nippon Life Asset Management has proposed a total dividend of Rs6 per share for the last fiscal. Photo: Aniruddha Chowdhury/MintNew Delhi: Reliance Nippon Life Asset Management (RNAM) on Wednesday reported a 35% jump in its net profit to Rs162 crore in the January-March quarter of 2017-18. In comparison, the company had posted a net profit of Rs120 crore in the year-ago period, Anil Ambani-led Reliance Group’s firm said in a regulatory fling to the stock exchanges. The company’s total revenues increased to Rs514 crore during the quarter under review from Rs406 crore in the three months ended 31 March 2017. RNAM, jointly owned by Japan’s Nippon Life and Reliance Capital, is the asset manager to Reliance Mutual Fund.
Source: Mint April 25, 2018 12:00 UTC