 "Rakesh Jain, ED & CEO, Reliance General Insurance addressing a press conference in Mumbai. Photo: Kamlesh Pednekar")
The Anil Ambani-controlled Reliance Capital will float an iniitial public offering (IPO) of equity for its general insurance arm and list on the stock exchange. This could give the company a valuation of Rs 6,000 crore.
Reliance General Insurance is targeting an IPO by the end of this financial year. It might also look for a strategic partner.
Fully owned by Reliance Capital, it is planning to dilute 10 per cent of its shareholding in 2017-18. In the next three years, to dilute 25 per cent.
Rakesh Jain, executive director and chief executive, said listing would enable individual investors to participate in
