INE124D01014
Listing Status: DRHP Not Filed

About
Overview
The company is headquartered in Goregaon, Mumbai with a distribution network pan India composed of over 139 branches and more than 28,900+ intermediaries. As on December 31, 2021 the company has 6,811 number of employees.
➢ The mission of the company is to provide innovative products in respect to motor, travel, health, fire, home, commercial, liability, weather & crop and marine insurance. The company has a huge customer base which includes individual, corporate and SMEs.
➢ As on November 29, 2021 Anil D Ambani had resigned as a Non-Executive Director of Reliance General Insurance Company Limited. As per an exchange filing, two of the company’s Independent Directors have resigned. The resignation comes in the wake of the RBI superseding the Board of Directors of RGCIL’s parent (Reliance Capital).
➢ On September 5, 2017, Reliance General Insurance Company Limited had received inprinciple approval from IRDAI for the process of its proposed IPO. The IPO was slated for fresh issue of shares worth ₹200 crores, besides an offer of sale of 79,489,821 shares by Reliance Capital. However, the draft offer documents for the IPO had been withdrawn by the lead manager. The reasons for withdrawal had not been disclosed.
➢ The National Company Law Tribunal on December 6, 2021 admitted initiating insolvency proceedings against Anil Ambani owned Reliance Capital. The action was necessitated in view of defaults by Reliance Capital in meeting the various payment obligations to its creditors and serious governance concerns which the Board of Directors had not been able to address effectively. The firm has borrowings in the form of secured and unsecured bonds, and term loans along with guarantees given to banks and financial institutions.
➢ This will have a domino effect on nearly 20 subsidiaries of the financial services. Insurance businesses are regulated by the IRDAI and are accountable towards policyholders. They hold investments made on behalf of the policyholders or customers which cannot be touched or liquidated by creditors seeking to recover dues from the parent.
➢ Under Annexure B, Eligibility Criteria, Business Clusters are mentioned. Invitation for Expression of Interest under Regulation 36A (1) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
➢ As on April 04, 2022, there is a provisional list of 50 eligible prospective resolution applications as per Regulation 36A (10) of the CIRP Regulations.
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Balance Sheet
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Annual Report
Company Information
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Can I buy unlisted shares of Reliance General Insurance Company Ltd?
Yes, you can buy Reliance General Insurance Company Ltd shares. We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy share of Reliance General Insurance Company Ltd Please click on the “trade” button at the top of this page
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Can I sell unlisted shares of Reliance General Insurance Company Ltd?
Yes, you can sell Reliance General Insurance Company Ltd shares. We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded (Click on link). To submit a request to sell shares of Reliance General Insurance Company Ltd Please click on the “trade” button at the top of this page
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What is the price of Reliance General Insurance Company Ltd unlisted share?
We provide a two way quote on all the shares we deal in. Your buy price for Reliance General Insurance Company Ltd unlisted share is ₹380 and your sell price for Reliance General Insurance Company Ltd unlisted share is ₹250. The price is based on our estimates and market conditions.
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How is the price of Reliance General Insurance Company Ltd calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Reliance General Insurance Company Ltd unlisted share.
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What are the lot sizes for Reliance General Insurance Company Ltd unlisted shares?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Reliance General Insurance Company Ltd unlisted shares with us kindly click here.
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What are the financials of Reliance General Insurance Company Ltd?
The financials of Reliance General Insurance Company Ltd which includes the P/L of Reliance General Insurance Company Ltd and the Balance Sheet of Reliance General Insurance Company Ltd is in the financials section (Click on link).
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Where can I find the annual report of Reliance General Insurance Company Ltd?
The annual report of Reliance General Insurance Company Ltd is available in the annual report section (Click on link).
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What is the lock-in period of Reliance General Insurance Company Ltd unlisted share?
The minimum lock-in period of Reliance General Insurance Company Ltd unlisted share is 1 year post the listing date. Prior to listing the shares can be sold in the active unlisted market. We provide a two way quote on all the shares we deal in. Your buy price for Reliance General Insurance Company Ltd unlisted share is ₹380 and your sell price for Reliance General Insurance Company Ltd unlisted share is ₹250.
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Chennai Office
19/10, Guru Vappa Chetty Street, Chintadripet, Chennai - 600002
Dubai Office
2701, Executive Tower G, Business Bay, Dubai, UAE
Andhra Pradesh & Telangana Office
54-19-25/1, Flat no.101, Sai Residency, Nelson Mandela Park Road, LIC Colony, Vijayawada (Urban), Andhra Pradesh - 520008