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Royal Sundaram infuses additional capital

CHENNAI: Royal Sundaram Alliance Insurance Company has announced the infusion of Rs. 65 crore of additional capital (including premium), taking the total paid-up capital and premium to Rs. 275 crore. Ajay Bimbhet, Managing Director has indicated in a release that the company would be closing the financial year with premium collection of more than Rs. 1,000 crore. The company has expanded of its distribution network by opening three new branches, taking the total to 86.

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