News From Press Reliance Capital to carve out health biz from general insurance, plans to bring in global equity partners

Reliance Capital to carve out health biz from general insurance, plans to bring in global equity partners

Source: Economic Times Mar 17, 2017

Reliance Capital has announced plans to carve out retail health insurance business from its subsidiary Reliance General Insurance Company to increase its stake in India's growing health insurance sector.

The company also has plans to bring in global equity partners to unlock value in the company in the future.

The board of the general insurance company has approved the proposal to form Reliance Health Insurance Ltd, which will, for the time being, be a wholly owned subsidiary of Reliance Capital, the Anil-Ambani led Reliance Group company.

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