Religare Health Insurance looking to raise capital: Reports

India Infoline News Service | Mumbai |

The non-life insurer is planning to raise about Rs.200 crore in lieu of a minority stake

Religare Health Insurance is in discussions with global investors including LeapFrog Investments, General Atlantic, TPG Capital to raise funds, according to a media report.
The non-life insurer is planning to raise about Rs.200 crore in lieu of a minority stake, the report added.
According to the department of industrial policy and promotion, there is a 26% cap on overseas investments in insurance companies which would include foreign direct investment (FDI), foreign institutional investor (FII) investments and investments from non-resident Indians (NRIs).
Many private insurers have demanded that India raise the FDI cap to 49%, but a draft law that proposes the change is still to be approved by Parliament.


 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.