Reliance Life IPO likely in Q1: Ghosh

Anil Ambani Group s life insurance venture Reliance Life expects to tap the capital market with its initial public offer in the first quarter of next fiscal, a top company official said. It will be realistic to think that the Reliance Life IPO happens sometime in the first quarter of the next financial year, Reliance Capital CEO Sam Ghosh said. Reliance Capital, the holding company of Reliance Life Insurance, is currently waiting for the final regulatory guidelines on the issue from insurance regulator IRDA and the subsequent clearance from the Finance Ministry, he said. Noting that a decision was yet to ...

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