Try GOLD - Free
IIHL to list insurance arms of RCap in 2 yrs
Financial Express Pune
|March 19, 2025
INDUSIND INTERNATIONAL HOLDINGS (IIHL) will list Reliance General Insurance and Reliance Nippon Life Insurance, the subsidiaries of Reliance Capital, in the next two years, chairman Ashok Hinduja said on Tuesday.
The acquisition of Reliance Capital is now complete and IIHL will retain only two subsidiaries—broking and asset reconstruction—out of nearly 40 subsidiaries.
"The company will look for listing of Reliance Nippon Life Insurance Company and Reliance General Insurance in the next two years. The promoter holding in the company will not change till the time of listing," said Hinduja.
The board will decide whether to retain or exit these entities of RCap.
This story is from the March 19, 2025 edition of Financial Express Pune.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Pune
Financial Express Pune
South Korea’s ex-president Yoon given 5-year jail term
A SOUTH KOREAN court on Friday sentenced former President Yoon Suk Yeol to five years in prison on charges that included obstructing attempts by authorities to arrest him following his failed bid to impose martial law in December 2024.
1 min
January 17, 2026
Financial Express Pune
Ford, BYD in hybrid battery deal talks
FORD IS IN talks with BYD to purchase batteries for its hybrid models, the WS] reported, at a time when the Detroit automaker deals with waning demand for electric vehicles.
1 min
January 17, 2026
Financial Express Pune
MEA on Chabahar: India remains engaged with US
INDIA IS MULLING various options on its engagement in the development of the strategically-located Chabahar port in Iran against the backdrop of the Trump administration threatening a 25% additional tariff on countries doing business with Tehran.
1 min
January 17, 2026
Financial Express Pune
ICRA estimates gross tax revenue growth at 7% in FY27
RATING AGENCY ICRA has projected gross tax revenues to grow by around 7% in FY27, led by a robust 11% expansion in direct taxes.
1 mins
January 17, 2026
Financial Express Pune
Virat Kohli, Anushka Sharma buy land in Alibaug
CRICKETER VIRAT KOHLI and his wife Anushka Sharma have bought 1.36 hectare land at Alibag near Mumbai for %37.86 crore,according to CRE Matrix.
1 min
January 17, 2026
Financial Express Pune
Federal Bank profit rises 9% on strong fee, other income
FEDERAL BANK REPORTED a 9% year-on-year (yo-y) increase in net profit for the third quarter at ₹1,041 crore, aided by higher fee and other income.
1 mins
January 17, 2026
Financial Express Pune
The anti-SUV: Sleek, suave, and still here
WHY THE VIRTUS IS GOING STRONG IN AN SUV MARKET
2 mins
January 17, 2026
Financial Express Pune
Sony Pictures rejigs leadership, may lay off 120 employees
SONY PICTURES’ NETWORKS India (SPNI) on Friday announced a leadership rejig under a new operating model that aims to be platform-agnostic.
1 min
January 17, 2026
Financial Express Pune
Iran protests abate after deadly crackdown
IRAN'S DEADLY CRACKDOWN appears to have broadly quelled protests for now, according to a rights group and residents, as state media reported more arrests on Friday in the shadow of repeated US threats to intervene if the killing continues.
1 min
January 17, 2026
Financial Express Pune
EU FTA will be mother of all deals, says Goyal
FORINDIA,KEY interestis opening up of markets of the 27-member economic bloc for its labourintensive exportslike textiles, leather, handlooms, some processed foods and in emerging areas of manufacturing.
1 mins
January 17, 2026
Listen
Translate
Change font size