India Insurance News : Tata Aig, Icici Lombard Joins the Race Among Other Prominent Bidders for Reliance Capital

Tata AIG, ICICI Lombard and Nippon Life are among 54 conspicuous Indian and foreign financial organizations joining the race for the profit-making insurance arms of Reliance Capital, which was last year put under administration because of defaults and governance issues.

The last day to submit articulation of interest (EOI) was stretched out by two weeks to March 25 to give access to the latest information before they make financial offers.

Edelweiss Alternative, International Asset Reconstruction Company, JC Flower, Motilal Oswal Financial Services, Square Four Housing, UV Multiple Asset Expenditure, HDFC Ergo, Bandhan Financial Holdings, Cholamandam Investment, Adani Finserv, Yes Bank, OakTree Capital, Blackstone, New Quest, Indusind International, Brookfield, TPG, Zurich Insurance Group, Ares SSG Capital, ArpWood Partners, Capri Global Holdings are among 54 organizations to have presented their EOI.


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