Reliance Capital’s 100% subsidiary - Reliance General Insurance Company (RGI) has received in-principle approval from Insurance Regulatory and Development Authority of India (IRDAI) for the process of its proposed IPO. Listing of RGI is expected to be completed in FY18, subject to necessary approvals.
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.
