Reliance Life Insurance convenes its 3rd AGM; approves to float IPO shares worth Rs 63 crore

Tue, Jul 14, 2020 7:25 AM on AGM/Special AGM, Featured,

Reliance Life Insurance has convened its 3rd AGM on Asad 28, 2077 under the leadership of its chairman Mr. Tara Chand Kedia.

The AGM has endorsed all the financial reports and highlights of the previous FY and also gave authority to the board in order to perform any new task assigned by the insurance sector regulator.

The company is in process of issuing IPO shares worth Rs 63 crore which is 30% of its paid up capital, as per the media statement.

The life insurance company currently has around 100 branches and sub-branches under its network.