Anil Ambani-led Reliance Capital may just be looking to list its insurance business unit Reliance General Insurance, according to latest media reports.
Reliance General Insurance is a fully-owned subsidiary of Reliance Capital, with a possible valuation of more than Rs. 5,000 crore. Unlike most insurance companies, who have foreign partners, the firm is promoted solely by Reliance Capital.
During the last fiscal, the general insurer posted 40% growth in gross written premium to Rs 3,935 crores.