News From Press Hero FinCorp may buy Reliance General Insurance

Hero FinCorp may buy Reliance General Insurance

Source: Economic Times May 30, 2019

Hero FinCorp, the retail lending arm of Hero MotoCorp Ltd, is in advance talks to buy Reliance General Insurance (RGI) from Reliance Capital at Rs 5,500-6,000 crore valuation, as Anil Ambani continues to deleverage his group balance sheet, said several people aware of the discussions.

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