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Reliance General Insurance files for IPO with SEBI

IANS  |  Mumbai 

The Anil Ambani-led Group's non-life insurer, General Insurance Company Ltd, has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of (SEBI), said parent company Capital Ltd on Tuesday.

In a statement issued here, said the initial public offering (IPO) by its wholly-owned subsidiary Reliance General comprises fresh equity issue aggregating up to Rs 200 crore. The offer for sale by will be up to 7,94,89,821 equity shares.

The face value of per equity share is Rs 10.

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



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

First Published: Tue, February 12 2019. 13:32 IST