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Reliance General Insurance files for IPO, to raise Rs 200 crore


has filed for (IPO) consisting a fresh issue of equity shares worth Rs 200 crore, its parent company said on Tuesday.

The draft red herring prospectus of Anil Ambani-led company was filed with the (SEBI) on February 8.

The IPO comprises a fresh issue of equity shares aggregating up to Rs 200 crore, and an offer for sale by Limited of up to 79,489,821 equity shares. The face value of each equity share is Rs 10.

For this proposed IPO, the company has appointed Motilal Oswal Investment Advisors Limited, and as the global coordinators and book running lead managers to the issue. India, and are the book running lead managers.

is the to the offer. The IPO is subject to receipt of requisite regulatory approvals, market conditions, and other considerations.

Reliance General Insurance Company offers a comprehensive and well-diversified range of in the motor, weather and crop, health, fire and engineering, and marine insurance sectors, as well as in other lines.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 11:57 IST