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New Delhi, Sep 30 (PTI) Anil Ambani-controlled Reliance Capital Ltd is all set to start life insurance business with regulator IRDA approving the acquisition of Chennai-based AMP Sanmar Life Insurance Ltd.
Publication: PTI - The Press Trust of India Ltd. Publication Date: 30-SEP-05 |
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COPYRIGHT 2005 Asia Pulse Pty Ltd
The acquisition, part of the younger Ambani's strategy to make RCL an integrated financial services company, gives a direct entry to the company in the fast-growing life insurance business without seeking a fresh licence and with a ready-made customer base in place.
"The Insurance Regulatory and Development Authority has...
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