Author: Melvyn Thomas

Chennai: Religare Enterprises Limited (REL), in its quest to democratize the insurance business in the country and expand its offerings into the insurance distribution space, has signed a Share Purchase Agreement for the proposed acquisition of MyInsuranceClub (MIC) (www.myinsuranceclub.com), an insurance web aggregator, from iGear Holdings Private Limited, part of The Indian Express Group. Announcing this on Wednesday, Religare Group said that the proposed acquisition, which is subject to regulatory approvals, is in line with the Group’s strategy to further the growth of the insurance business and emerge as a stronger insurance player.  REL, a Core Investment Company (CIC), is a…

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