07 September 2017 Current Affairs: Reliance General Insurance received in-principle approval from the Insurance Regulatory and Development Authority of India (IRDAI) for its initial public offering (IPO).
Currently, ICICI Prudential Life is listed on the stock exchange, while Max Life insurance is indirectly listed through holding company Max Financial Venture.
It is a firm which is a 100 per cent subsidiary of Reliance Capital, is expected to list during the ongoing fiscal.
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