by AIP Online Bureau | Jul 31, 2023 | Banking & Bancassurance, Indian News, Non-Life, Regulation
Rakesh Jain, CEO of Reliance General Insurance said, “With this capital infusion, we are well-equipped to seize opportunities, innovate, and continue providing best-in-class insurance solutions.” Mumbai: Reliance General Insurance Company Ltd (RGICL), in a...
by AIP Online Bureau | Jul 19, 2023 | Banking & Bancassurance, Indian News, Non-Life
Post the capital infusion by RCAP, Reliance General Insurance will also raise an additional Rs 400 crore Tier 2 capital to accelerate growth, sources said The company had said that borderline solvency was creating business hesitation in corporate clients, government...
by AIP Online Bureau | Jun 29, 2023 | Indian News, Life, Non-Life
However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC’s judgement in the appeal filed by Torrent Investments. The resolution process of Reliance Capital was mired into litigation...
by AIP Online Bureau | May 1, 2023 | Indian News, Life, Non-Life, Workplace/Employee Benefits
IIHL is offering Rs 10,000 crore for Reliance Capital, while the liquidation value (LV) and fair value (FV) of the company are pegged at Rs 13,000 crore and Rs 17,000 crore respectively Mumbai: The Hinduja Group arm, IndusInd International Holding Ltd. (IIHL), which...
by AIP Online Bureau | Apr 23, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life
Both the bidders Torrent Investment and IndusInd International Holdings Ltd (IIHL) of Hinduja Group want finality, certainty, transparency, no negotiation in value or on terms and conditions, after the second round of auction is over, they said. Mumbai: Ahead of the...
