India: Reliance Nippon AMC shares rise 16% on stock market debut

India: Reliance Nippon AMC shares rise 16% on stock market debut

Photo: Aniruddha Chowdhury/Mint

Shares of Reliance Nippon Life Asset Management Ltd debuted 16% higher on the bourses on Monday, after India’s third-largest mutual fund manager saw its Rs1,542 crore initial public offer (IPO) was subscribed more than 81 times last month.

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