Nomura Plans to Invest in Unit of India's Life Insurance Corp
Monday: July 7, 2008
July 7 (Bloomberg) -- Nomura Holdings Inc., Japan's largest securities firm, agreed to form an alliance with Life Insurance Corp. of India that may include Nomura investing in the New Delhi-based company's asset management unit.
``We signed a memorandum of understanding with LIC, which includes an investment,'' Nomura spokesman Michiyori Fujiwara said by phone today.
The two companies are discussing the size of the investment and the details of the alliance, Fujiwara said, declining to give further details.
India's Business Standard newspaper reported on the tie-up on July 6.
Source : http://www.bloomberg.com |
