Jul
21
Reliance Capital Looking To Sell Stake in Insurance Business
Filed Under Banking, India Investment Opportunities, Indian Stock Market, Insurance
Reliance Capital aims to be a world-class financial enterprise, chairman Anil Ambani said today at the company’s AGM in Mumbai: “Our focus has shifted from gaining market share to profitability,” he said.
Anil Ambani also said Reliance Capital company was considering various options to unlock value in the insurance business, and that it was likely to go for stake sale, IPO of its insurance business.
Reliance Capital is also raising a private equity fund, and they are raising capital mostly from domestic investors and FIs.
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