Long-term growth story for life insurance companies look very positive: Andrew Holland

economictimes.indiatimes.com:

«The market has been looking at this kind of unravelling of the different companies through IPOs or strategic stake sales going forward. And this has been the catalyst.

I mean, we have all been working on potential kind of breakup values of the overall value for Reliance,» says Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP.What is your view as far as Reliance is concerned? Do you concur with the view that everything is coming together positively, whether it is the telecom business, the retail vertical, the news about the impending IPOs, and of course, the OMC business?The market has been looking at this kind of unravelling of the different companies through IPOs or strategic stake sales going forward. And this has been the catalyst.

I mean, we have all been working on potential kind of breakup values of the overall value for Reliance. So I think the market is now liking the fact that some of this is happening.

And that was always going to be the catalyst for the share price to move higher. And we will probably see more momentum as the market kind of grapples with the valuations and possibilities that there could be kind of strategic stakes taken by either private equity or some companies overseas in some of these companies prior to an IPO.