Country fintech firm Spice Money has joined forces with Religare Broking in front of the much-anticipated beginning offer of Life Insurance Corporation of India (LIC).

New Delhi: Rural fintech firm Spice Money has cooperated with Religare Broking in front of the much-anticipated starting offer of Life Insurance Corporation of India (LIC). The tie-up would “take the LIC IPO to 10 crore country families,” the organizations have expressed in a joint delivery.

“Zest Money agents will go about as a one-point contact for helping rustic residents who need to put resources into the LIC shares. They will help them to open a DEMAT (Dematerialisation) Account and apply for the LIC IPO and put resources into different items later on,” it added.

Demat account is an absolute requirement for any financial backer who needs to bargain in stocks.

Sanjeev Kumar, Co-Founder and CEO, Spice Money expressed, “Admittance to the IPO of a brand that orders cross country trust, as LIC, will assist provincial residents with getting used to the peculiarity of venture open doors they are until recently ignorant about.”

Flavor Money is an entirely claimed auxiliary of DiGiSPICE Technologies and covers 95% of India’s provincial pin codes

Nitin Aggarwal, CEO, Religare Broking said, “With LIC IPO on its way, an enormous open door anticipates for new financial backers and its policyholders. Together Religare and Spice Money will assume an instrumental part in building a provincial India monetary consideration model, consolidating new age innovation with human help and bring Ghar Demat Account.”

Religare Broking works on an organization of in excess of 1,100 branches with colleagues across 400 urban communities in India.

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