reliance general insurance

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reliance general insurance Co Ltd has filed for an initial public offering (IPO) consisting of a fresh issue of shares worth up to 2 billion rupees ($28.15 million), parent Reliance Capital Ltd said on Tuesday.

reliance general insurance Company will soon roll out nine sandbox products to cater to the fast transforming customer requirement in the insurance sector.

reliance general insurance, arm of Reliance Capital, has registered a net profit of Rs 165 crore in the fiscal ended March, up by 28 per cent from a year earlier.

New Delhi, May 10 () reliance general insurance is open to inorganic growth provided good opportunity at good valuation is available, a top company official said. "We are open to acquisition if an opportunity is available at reasonable valuation.

reliance general insurance has obtained a legal opinion that states IndusInd Holding's resolution plan cannot extinguish any stock options or other employee benefits. IndusInd International Holdings has emerged as the successful bidder for Reliance Capital. RCap's most valuable holdings are the shares it owns in its 100% subsidiary reliance general insurance. IndusInd Holding's resolution plan involves raising funds to pay creditors of Reliance Capital by creating a charge on the shares of reliance general insurance.

reliance general insurance has been slapped with a Rs 1 crore fine by Irdai in Hyderabad. The insurance regulator found the company illegally routed payouts to brokers and agents through marketing and awareness expenses, effectively disguising them as commissions. This penalty stems from an examination of transactions spanning FY19 to FY21, highlighting a breach of regulatory norms.

The MACT asked reliance general insurance, with which the offending vehicle was insured, to pay Rs 25,69,000 to the kin of Shish Pal Singh (39).

reliance general insurance (RGI), a unit of Reliance Capital, has partnered with Child Rights & You (CRY) to raise public awareness and fight against child labour as India employs 5.8 million children for physical labour, the highest incidence among other South Asian countries.

New Delhi, Nov 30 () reliance general insurance Company, part of Anil Ambani-led Reliance Group, today said it has received markets regulator Sebi's go ahead to float an initial public offering. The IPO comprises fresh issue of little over 1.

New Delhi, Oct 9 () reliance general insurance, part of Anil Ambani-led Reliance Group, today filed draft papers with markets regulator Sebi for an initial public offer. The IPO comprises fresh issue of little over 1.67 crore shares by the company and an offer for sale by Reliance Capital of 5.

reliance general insurance Company (RGIC), a subsidiary of Reliance Capital Ltd, has received multiple show cause notices from the Directorate General of GST Intelligence, amounting to Rs 922.58 crore. According to sources, the company has received four notices from the DGGI demanding GST of Rs 478.84 crore, Rs 359.70 crore, Rs 78.66 crore, and Rs 5.38 crore respectively, on the revenue generated from the services like re-insurance and co-insurance.

Addressing the shareholders at his maiden annual general meeting here today, Jai Anmol Ambani, who is an executive director of the company, said the move is aimed at creating a retail focused entity in this space.

In a victory for Reliance Home Finance’s lenders Nippon India Mutual Fund and Credit Suisse, the Securities Appellate Tribunal (SAT) has upheld their right to sell shares of reliance general insurance following invocation of a pledge. The Insurance Regulatory and Development Authority (Irdai) had earlier declared the pledge enforcement.

reliance general insurance, now under IndusInd International Holdings Ltd (IIHL), has reported a strong financial year, with net profit rising 12.5% to Rs 315 crore. Gross Direct Premium increased by 7.4%, surpassing the industry's growth. Following its acquisition through insolvency, IIHL injected Rs 100 crore to bolster the insurer's position.

Reliance Capital on Sunday said the Insurance Regulatory and Development Authority of India (Irdai) has cancelled pledge enforcement of reliance general insurance Company Ltd's (RGICL) shares by Credit Suisse and Nippon India MF.