Religare to set up health insurance subsidiary

Religare Enterprises Ltd CEO and managing director Sunil Godhwani has said that Religare plans to venture into health insurance business by floating another subsidiary in the near future. We are currently amidst finalising a foreign collaborative partner for the proposed joint venture, he said. Religare is also presently scouting for a partner to kickstart its much-awaited general insurance business. Also, plans are afoot to venture into the commercial banking activity as we have successfully established our presence in the investment banking space in the country, said Godhwani. Incidentally, Religare s venture capital arm, Religare Venture Capital Ltd, has announced a 50:50 ...

More...