Reliance Capital’s mutual fund arm hires bankers for IPO

Billionaire Anil Ambani-controlled Reliance Group has hired three merchant bankers to run the listing process of its mutual fund arm, two people aware of the development told VCCircle.Reliance Nippon Life Asset Management Ltd, India’s third-largest mutual fund manager, has mandated JM Financial Ltd, Nomura Financial Advisory and Securities (India) Pvt. ......