MoneyWorks4Me

Reliance Capital files application with IRDAI to list RGIC

16 Aug 2017 Evaluate

Reliance Capital has filed an application with insurance regulator IRDAI for selling up to 25% stake in its general insurance arm Reliance General Insurance (RGIC). The company currently owns 100% of RGIC and is seeking approval to sell up to 25% in the initial public offering (IPO) to raise Rs 1,500-2,000 crore.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.



Peers