Question
Reliance General Insurance has raised _________ by
issuing shares to parent Reliance Capital, which will help the company accelerate growth & aims to expand into segments such as retail health insurance with the capital infusion.Solution
Reliance General Insurance has raised ₹200 crore by issuing shares to parent Reliance Capital, which will help the company accelerate growth. The company aims to expand into segments such as retail health insurance with the capital infusion. Reliance Capital is undergoing in-court restructuring and the creditors have approved a resolution plan of ₹9,660 crore offered by Hinduja Group company IndusInd International Holdings.
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