Reliance Capital plans to launch more India-focused funds overseas to attract international capital into Indian fixed income and equities markets, its Chairman Anil Ambani has said.
This initiative will be carried out through its arm — Reliance Capital Asset Management Company. These remarks are significant as it came close on the heels of RCap’s move to launch two India funds in Japan during Prime Minister Narendra Modi’s visit last month.
It is keen to tap more and more institutional investors, who want to invest in India.
Addressing shareholders of Reliance Capital at the AGM at Mumbai on Tuesday, Ambani also said that a separate company would be floated for the health insurance business.
On the banking sector, Ambani said that the Group was awaiting the final guidelines from the RBI to evaluate its options in the differentiated banking segment.
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