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Basic Agreement Reached with All 68 Tokyo 2020 Domestic Partners regarding Contract Extension

Basic Agreement Reached with All 68 Tokyo 2020 Domestic Partners regarding Contract Extension 12/24/20 Tokyo, 24 December 2020 - The Tokyo Organising Committee of the Olympic and Paralympic Games (Tokyo 2020) today announced that, with regard to the hosting of the Tokyo 2020 Games next year, it has reached basic agreement with all 68 Tokyo 2020 domestic partner companies on an extension of their sponsorship contracts. Based on this agreement, we are proceeding with the conclusion of contracts with all partners. Tokyo 2020 President MORI Yoshiro commented as follows: We have recently confirmed that we have reached basic agreement with all domestic partners supporting the Tokyo 2020 Games regarding the extension of their contracts into 2021.

Anil Ambani s Reliance Capital gets 10 more bids for subsidiaries

Reliance Capital (RCL), part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said. Earlier this month, the Committee of Debenture Holders had extended the last date for submission of expression of interest (EoI) to December 17, 2020. Following this, 10 new bids have come in for Reliance Capital s assets, taking the total number of bids to 70, the sources said. State Bank of India s subsidiary SBI Life has also shown interest in picking up Reliance Capital’s stake in Reliance Nippon Life Insurance, they added. Reliance Nippon Life Insurance Company, a joint venture with Japan s largest life insurer-Nippon Life which holds 49 per cent shareholding, has a paid-up capital of Rs 1,196 crore as of September 30, 2020.

SBI Life bids for Reliance Cap assets

SBI Life bids for Reliance Cap assets Earlier this month, the Committee of Debenture Holders had extended the last date for submission of expression of interest to December 17 Reliance Capital Ltd (RCL), part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said.  Earlier this month, the Committee of Debenture Holders had extended the last date for submission of expression of interest (EoI) to December 17. Following this, 10 new bids have come in for Reliance Capital’s assets, taking the total number of bids to 70, the sources said. State Bank of India’s subsidiary SBI Life has also shown interest in picking up Reliance Capital’s stake in Reliance Nippon Life Insurance, they added.

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