Reliance Capital to invest Rs 2,000 crore in insurance business
Reliance Capital (Get Quote), a part of the Anil Dhirubhai Ambani Group, is looking to invest Rs 2,000 crore in insurance businesses in the next three years, which would take the company's cumulative investment in the sector to Rs 4,000 crore.
Reliance Capital would enter investment banking, and is planning an IPO or strategic placement for life insurance biz.