Reliance General Insurance Company on Monday said it has filed draft papers with the market regulator Sebi, seeking permission for its initial public offering (IPO).
The offer would comprise of a fresh issue of up to 1,67,69,995 equity shares by Reliance General Insurance Company Limited and an offer for sale (OFS) by Reliance Capital of up to 5,03,09,984 equity shares.
Overall, the issue comprises of up to 6,70,79,979 equity shares of face value of Rs 10 each, the company said in its Draft Red Herring Prospectus (DRHP).
