Reliance Life Insurance appoints Sunrise Capital as its share registrar; Life Insurance recently allotted its shares in IPO

Reliance Life Insurance has appointed Sunrise Capital as its share registrar. The life insurance company had recently issued its ordinary shares in IPO to the general investors, as per the statement.

Reliance Life Insurance Limited had recently issued 63,00,000 units worth Rs 63 crore as Initial Public Offering to the general public from (Bhadra 4-8, 2077). 

Out of the offered 63,00,000 units; 5% of the total offered shares to the general public i.e. 3,15,000 units have been allotted to the employees of the company and 5% of the total offered shares to the general public i.e. 3,15,000 units have been allotted to the mutual funds. The remaining 56,70,000 units are allotted to the general public.