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Reliance Capital: Reliance Capital lenders approve Rs 200 crore capital infusion in Reliance General

The committee of creditors of Reliance Capital approved last week a proposal to infuse capital – a move that would help the private insurer to retain its market share in the non-life industry. Reliance General Insurance is the most valuable asset through which lenders hope to recover a substantial part of their dues, and any dip in its valuation would correspondingly lower the company s valuation, said one of the lenders.

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