Nippon Paint partners with Italy-based IVM Chemicals
The Dollar Business Bureau Nippon Paint India has partnered with Italy-based IVM Chemicals to promote its wood coating products that are based on Japanese technology. As part of this tie-up, IVM Chemicals’ brands such as Milesi, Ilva and Croma Lacke will be marketed by Nippon in Indian wood coatings market. Wee Siew Kim, CEO of the NIPSEA Group and Promoter of Nippon Paint India said that Wood Art by Nippon Paint is a wood coating solution that is both art and science. With this partnership, IVM and Nippon aspire to transform the wood coating industry in India with their unique offerings. Roberto Ravano, IVM’s CEO for Asia said that the company has plans to develop brands that will enhance customer experience, and educate ...
Nippon to invest $184 mn to increase stake in Reliance Capital
The Dollar Business Bureau Reliance Capital Ltd. on Tuesday announced that it has signed an agreement with Nippon Life Insurance (NLI), a Japan-based Fortune 500 company, to increase the latter’s stake from 35% to 49% in Reliance Capital Asset Management (RCAM). As part of the agreement, the Japanese insurance major will invest Rs.1,196 crore ($184 million) in trenches to acquire an additional 14% stake in Reliance Capital. “The transaction pegs Reliance Capital Asset Management’s valuation at Rs.8,542 crore ($1.3 billion), the highest valuation till date for any asset management company in the country,” Reliance Capital Ltd. said in a statement. “Both Reliance Capital and Nippon Life Insurance have enjoyed an extraordinary relationship in the last few years and we see this mutual respect and ...
