It is likely that, Reliance Capital may sell stake in its Insurance Arm, Reliance Insurance. It may float IPO (Initial Public Offering).
Reliance Capital, The Reliance ADA (Anil Dhirubhai Ambani) Group Company is planning to dilute its equity stake in the life insurance Business.
The firm has recently commenced Domestic fund raising for its private equity fund, with a special focus on HNIs and Financial Institutions.
Reliance Capital is also plan to enter the Investment Banking Business next year. Mr.Anil Ambani said, “Given the scale and magnitude of our relationships across corporate India, and the sheer size and reach of our distribution network, we are ideally positioned to create a significant presence in the Investment Banking Business.”
Mr.Anil Ambani also said in shareholders’ letter to increase its distribution from 5,000 to 25,000 cities and towns.
In short, Reliance ADA Group will soon announce the IPO of its Insurance Business – Reliance Insurance…
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