Ripples Advisory, Reliance Capital's likely to list general insurance unit

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Reliance Capital BSE -0.85 % is likely to list unit Reliance General Insurance, three people in the know of the matter said. The company could be valued at more than Rs 5,000 crore. 

“Reliance Capital is looking to list its general insurance business and an announcement regarding the same will be made in the coming days,“ one of them said. 

The company did not respond until press time on Thursday to an email seeking comment. 

Reliance General Insurance is a fully-owned subsidiary of Reliance Capital, the financial services holding company of the Anil Ambani-led Reliance Group.