ING Vysya Life to hike capital
By Our Banking Bureau | 18 Dec 2004
Thiruvanthapuram: ING Vysya Life Insurance Company is planning to increase its capital by Rs35 crore in the coming months.
Frank Koster, managing director and CEO of ING Vysya Life, said that the company's capital will be expanded from Rs290 crore currently to Rs325 crore, either by March 2005 or June.
Koster said that talks are on with key shareholders - ING Insurance International BV, ING Vysya Bank and GMR group - to work out the modalities of the proposed capital expansion.