Reliance Capital is considering a special dividend for its shareholders, said company Chairman Anil Ambani at the Annual General Meeting on Tuesday.
The special dividend is being considered by the company board on the occasion of the company completing 25 years. The board will meet on September 10 to decide on interim dividend pay-out.
Reliance Capital is currently in discussions with Nippon Life for managing its funds in India. Nippon Life Insurance recently bought a 26 per cent stake in Reliance Mutual Fund for Rs 1,450 crore. On the other hand, Nippon Life will help distribute Reliance MF products in Japan. Nippon Life manages assets worth Rs 30 lakh crore globally.
The company also said that Reliance Life will tie up with banks to increase its reach. Nippon Life also bought a 26 per cent stake in Reliance Life for Rs 3,000 crore.