Piramal, Zurich Joint Venture for Reliance Capital’s general insurance business collapses, Legal News, ET LegalWorld – Legal Firms

In a setback to the ongoing Reliance Capital resolution process, the proposed joint venture arrangement between Piramal Finance and Zurich Insurance, formed to place a joint bid for Reliance General Insurance Company (RGIC), has collapsed.In the first round, both companies had submitted separate non-binding bids for the general insurance business...