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Reliance General Insurance Files For IPO

The IPO will also include an offer by Reliance Capital to sell up to 79.5 million shares

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India's Reliance General Insurance Co has filed for an initial public offering (IPO) consisting of a fresh issue of shares worth up to Rs 2 billion ($28.15 million), parent Reliance Capital Ltd said on Tuesday.     

The IPO will also include an offer by Reliance Capital to sell up to 79.5 million shares, Reliance Capital said.  

The private sector insurer has appointed Motilal Oswal Investment Advisors Ltd, CLSA India and Credit Suisse Securities (India) as the global coordinators and book running lead managers to the issue. 

Haitong Securities India, IndusInd Bank Ltd and YES Securities (India) Ltd are the book running lead managers.

(Reuters)


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