Date:08/03/2008 URL: http://www.thehindu.com/2008/03/08/stories/2008030855341600.htm

Business - Briefly

ING Vysya to infuse fresh capital

CHANDIGARH: ING Vysya Life Insurance on Friday said it would infuse Rs. 625 crore of capital this year in a bid to maintain solvency ratio as well as to fund its expansion projects. “We will pump in Rs. 125 crore within this month and the balance will be put into during the next fiscal. The money, which would be raised through shareholders, will be spent on maintaining the solvency ratio in view of growing business and funding expansion projects,” ING Vysya Life Insurance Regional Vice President Rajiv Panwar told reporters here.