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IndusInd International to list insurance units of Reliance Capital in 2-3 years

IndusInd International Holdings (IIHL) on Tuesday said it will list the insurance units of Reliance Capital in two to three years, after it completed the transaction to buy the financial services firm.
IndusInd International Holdings Ltd (IIHL) plans to list the insurance units of Reliance Capital within the next two to three years, as announced by Ashok Hinduja, Chairman of IIHL. This move is part of a broader strategy to enhance the value of these assets, which IIHL acquired through a resolution plan approved by the National Company Law Tribunal (NCLT) in February. The insurance businesses, including Reliance General Insurance and Reliance Nippon Life Insurance, are expected to benefit from this listing, aiming to increase their market presence and operational efficiency. Additionally, IIHL has committed to investing $1.5 billion in Reliance Capital to support its growth and turnaround.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/companies/indusind-international-to-list-insurance-units-of-reliance-capital-in-2-3-years/ar-AA1BaC09 ]