Reliance Cap To Invest Rs 2,000 Cr In Its Insurance Business In Next 3-5 Years
Anil Ambani owned Reliance Capital has made announcement that the company envisages to pump Rs 2,000 crore in its insurance business segment in the coming three to five years.
While addressing the Annual General Meeting of Reliance Capital, Mr Anil Ambani, the company's Chairman remarked that it would spend Rs 2,000 crore in its insurance business, taking the total investment to Rs 4,000 crore over the next 3-5 fiscals.
Private sector based Reliance Capital is one of leading financial service conglomerate of the country.
According to the sources, through the proposed investment, the company's employee base would also be bolstered to about one lakh from the present 30,000
While, consumer base of Reliance Capital is expected to rise to 50 million from 14 million in the coming 3-5 years.
Stock of Reliance Capital settled well at Rs 1,106, up 2.11 percent on National Stock Exchange. The total volume of share traded was 5,584,646 at NSE.