Reliance General Insurance seeks ₹600 cr from Reliance Capital

Reliance General Insurance is seeking ₹600 crore of "urgent" capital infusion from parent company Reliance Capital. The capital is being sought to preserve the business, enhance the value and take Reliance General Insurance's solvency to 175% from 155% currently. Reliance Capital is currently undergoing insolvency proceedings initiated by the RBI under the Insolvency and Bankruptcy Code.