Reliance Life has place its IPO plans on keep for now

Reliance Life has place its IPO plans on keep for nowReliance insurance arm Reliance Life has place its IPO plans on keep for now. Nevertheless, it’s still in discussions for a possible stake sale It was planned to become India’s 1st insurance company to move public.

However after a year of planning, reliance life has thought to push its offer ideas by nearly 1 entire yr. The firm says the firm is yet to obtain unique finance ministry clearance for that issue.

This clearance is important, because the company hasn’t yet finished the stipulated ten years of operations. Additionally , it needs additional time to come to terms with the regulatory changes the industry has seen recently.

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