IIHL to list insurance arms of RCap in 2 yrs

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.

- SACHIN KUMAR

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.