Reliance Capital Gains as its Subsidiary RGI Set to list on Stock Exchange
DSIJ Intelligence / 13 Jun 2017
RGI provides a wide range of general insurance products like fire, motor, health, home, crop, travel etc. The company outperformed industry growth rate of 30% and grew by 40% in FY17.
The decision by the board of directors of Reliance General Insurance Company (RGI), a subsidiary of Reliance capital,to approve the independent listing of the company on the stock exchanges led to the stock of Reliance Capital hitting a high of Rs 599.60 per share, higher by 1.5%, on the NSE.
The independent listing of Reliance General Insurance Company Limited is expected to unlock substantial value for all stakeholders.
RGI provides a wide range of general insurance products like fire, motor, health, home, crop, travel etc. The company outperformed industry growth rate of 30% and grew by 40% in FY17.
The company has a diversified distribution network through strong partnerships with major banks including Bank of India,IndusInd Bank, Catholic Syrian Bank and Andhra Bank.
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