Reliance General Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/reliance-general-insurance/ Mon, 13 May 2024 09:27:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Reliance General Insurance owner’s acquisition approved by regulator: report https://insuranceasianews.com/reliance-general-insurance-owners-acquisition-approved-by-indias-insurance-regulator-approves-hinduja-groups-proposals-irdai-reports/ Mon, 13 May 2024 09:22:50 +0000 https://insuranceasianews.com/?p=153829 IRDAI has approved the Hinduja Group‘s acquisition of Reliance Capital's 3 insurance units before the May 27 deadline but under conditions on share transfers and encumbering.

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The Insurance Regulatory and Development Authority of India (IRDAI) has approved Hinduja Group‘s proposals to acquire Reliance Capital’s three insurance companies, according to various media reports.
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]]> IRDAI’s set to approve Hinduja‘s acquisition of Reliance Capital’s insurance units: report https://insuranceasianews.com/irdais-set-to-approve-hindujas-acquisition-of-reliance-capitals-insurance-units-report/ Thu, 02 May 2024 05:03:23 +0000 https://insuranceasianews.com/?p=153213 The regulator's approval is key to the conclusion of Reliance Capital's ongoing bankruptcy proceedings within the time-frame prescribed by a local tribunal.

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Insurance Regulatory and Development Authority of India (IRDAI) is likely to approve Hinduja Group‘s proposals to acquire Reliance Capital's three insurance companies in a couple of weeks, according t...

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]]> IRDAI objects Reliance General Insurance owner’s plan to rejig ownership: report https://insuranceasianews.com/irdai-objects-hindujas-plan-to-move-stake-to-a-group-firm-report/ Tue, 12 Dec 2023 22:38:56 +0000 https://insuranceasianews.com/?p=140099 The Indian insurance regulator has termed the move as “premature” and “sub-judice” as certain court cases are yet to be concluded.

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The Insurance Regulatory and Development Authority of India (IRDAI) has objected to Hinduja Group’s plans to transfer a 25% stake held in Reliance General Insurance (RGICL) to a group firm.
The regula...

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]]> IRDAI restrains bidder to pledge Reliance General shares for parent sale: report https://insuranceasianews.com/irdai-restrains-bidder-to-pledge-reliance-general-shares-for-parent-sale-report/ Mon, 16 Oct 2023 12:00:59 +0000 https://insuranceasianews.com/?p=136602 RBI-appointed administrator of debt-ridden R-Cap has written to Hinduja Group firm to submit a fresh application along with the source of funds and the business plan.

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The Insurance Regulatory and Development Authority of India (IRDAI) has restrained Reliance General Insurance Company (RGIC) from pledging its shares as part of its ongoing parent company sale process...

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]]> Reliance General to receive US$24m equity infusion in group takeover: report https://insuranceasianews.com/reliance-general-to-receive-us24m-equity-infusion-in-group-takeover-report/ Thu, 20 Jul 2023 06:12:17 +0000 https://insuranceasianews.com/?p=129867 The capital infusion is crucial for the general insurer to increase its solvency margin to 175% from 155%.

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Indian non-life insurer Reliance General Insurance (RGICL) will receive an equity infusion of Rs2 billion (US$24 million) from its debt-laden parent Reliance Capital which is undergoing bankruptcy pro...

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