Torrent wins the bid for acquiring Reliance Capital at Rs. 8,640 crore

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The 100% stake acquisition in Reliance General Insurance and 51 percent stake in Reliance Nippon Life Insurance among other assets would clear the path for Torrent group.

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According to Duff and Phelps, the liquidation value of Reliance General Insurance standalone is worth Rs 7,000 crore, and that of Reliance Nippon Life Insurance is Rs 4,000 crore.

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