India's Reliance Capital Ltd. (RLCP.BO: Quote, Profile, Research) plans to invest 20 billion rupees ($493 million) to expand its life insurance business in the next few years, stated Chairman Anil Ambani. The company is also open to a strategic partnership in its business and has been approached by potential partners, Ambani told the firm's shareholders, sending its shares up as much as 3 percent to a record 1,137 rupees.
The company, part of India's Anil Dhirubhai Ambani Group, has interests in asset management and mutual funds, life and general insurance, private equity, stock broking and other activities in the financial sector.
Source: insuremagic
Thursday, June 26, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment