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Zurich Insurance mulls bid for Reliance Capital and Indian toehold


Swiss insurer Zurich Insurance Group Ltd. and Indian financing company Piramal Capital & Housing Finance Ltd. are looking to form a joint venture firm to submit a joint bid for India-based Reliance Capital Ltd.’s general insurance business, Asia Insurance Review reported citing Indo-Asian News Service. If this proposed JV succeeds in the acquisition, it will mark the entry of Zurich Insurance into India's general insurance business market.


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