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IRDA’s nod for Anil Ambani’s Reliance Health Insurance

Anmol Ambani, Executive Director, Reliance Capital had said “Traditionally, heath insurance was part of our general insurance set-up. But to create retail focus we are setting up a standalone health insurance company.” said Anmol is the eldest son of Reliance ADAG Chairman Anil Ambani.

LIC makes Rs 12,602 cr open offer for 26% stake in IDBI Bank

LIC made a public announcement for the open offer to shareholders, including retailers, as per the Sebi’s regulations with regard to substantial acquisition and takeover of shares in a company.According to the open offer, LIC proposes to acquire more than 204 crore equity shares of Rs 10 each, equivalent to 26 percent equity of IDBI Bank.

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