Reliance Insurance files for India IPO
Reliance General Insurance, the insurance arm of India’s Reliance Capital, has filed for an IPO that will provide a partial exit for its parent.
According to a prospectus, the offer will comprise a fresh issue of up to 16.8 million shares and an offer by Reliance Capital of up to 50.3 million shares. Currently, Reliance Capital holds 100% of...
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