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Anil Ambani's Reliance General Insurance to re-file IPO document this week

Hopes to obtain pending regulatory approvals from Sebi & Registrar of Companies, to tap the market soon

IPO
Illustration: Ajay Mohanty

Despite negative investor sentiment, the Anil Ambani-led Reliance group is planning an initial public offering (IPO) of a group company as early as this financial year. Reliance General Insurance Company will re-file its IPO document with market regulator Securities and Exchange Board of India (Sebi) this week, according to investment banking sources. The company is hoping to obtain pending regulatory approvals soon, and targeting to list before March-end, a source said.  Reliance General got fresh approval from insurance regulator Insurance Regulatory and Development ...