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Informist, Tuesday, Mar. 18, 2025

--IndusInd Holdings: Reliance general, life insurance to list in next 2 yrs

--IndusInd Holdings: Monetary aspect of Rcap stake buy completed as of Tue

--IndusInd Holdings: RCap businesses to be rebranded as IndusInd businesses

--IndusInd Holdings: Rebranding of RCap ops to IndusInd may take 6-9 mos

--IndusInd Holdings: Will infuse fund in general insurance ops when required

MUMBAI – The general insurance and life insurance businesses of Reliance Capital Ltd. will be listed on the stock exchanges in the next two years, Ashok P. Hinduja, chairman of the Hinduja Group, said Tuesday. "After two years is the listing plan," he said at a media briefing on the acquisition of the debt-ridden company promoted by Reliance Anil Dhirubhai Ambani Group.

IndusInd International Holdings Ltd. has announced the rebranding of Reliance Capital's businesses under the IndusInd brand in the coming months, following the completion of the monetary aspect of its acquisition. The transition process, which includes restructuring and brand integration, is expected to take six to nine months, the company's top management said.

"We see potential in these businesses, and our focus is on streamlining operations while ensuring a seamless transition to the IndusInd brand," Hinduja said. "The rebranding is a crucial step in integrating these assets under our umbrella, and we expect it to be completed in the next six to nine months." The rebranding of the acquired company is subject to regulatory approvals.

The chairman of the group said that 'IndusInd' is being evaluated as a possible brand name. Hinduja said the group is not focussed on instant value creation but instead has a two-year timeframe to enhance value before listing the entities. A more specific plan is expected to be laid down within a month.

On delay in fund distribution, Hinduja said the acquisition of Reliance Capital was intricate, yet around $500 million in funds were already secured. The shares have belonged to them for six months, and the current emphasis is on creating value.

The management aims to look for opportunities in the health insurance sector, with the group favouring collaborations for expansion and growth. Hinduja said there won't be any alteration in shareholding before the intended listing. "We will provide the necessary financial support to our general insurance business whenever needed," the chairman said. "Our aim is to strengthen our presence in India's financial services sector and enhance value for all stakeholders."   End

Reported by Vaishali Tyagi and Kabir Sharma

Edited by Ashish Shirke

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