MyInsuranceClub
menu

Reliance Capital in discussion to sell 26 percent stake in general insurance business

After the successful sell-off of 26% stake in Reliance Life Insurance, Anil Ambani led Reliance Capital seems to be in talks to sell 26% stake in Reliance General Insurance

eye icon
71 views/
clock icon
1 min 41 secs
calendar icon
Last Updated - May 17, 2023
article image
Listen to this article
audio icon

After the successful sell-off of 26% stake in Reliance Life Insurance, Anil Ambani led Reliance Capital seems to be in talks to sell 26% stake in Reliance General Insurance too.

Reliance Capital Ltd. completed 25 years of being in operations in the financial services sector in India. Announcing this, Reliance Capital Chairman Anil Ambani said that the board would consider the special dividend payout on September 10.

Addressing the 26th annual general meeting (AGM) of the company here, Mr. Ambani said that Japan’s Nippon Life had acquired 26 per cent stake in Reliance Life for over Rs.3,000 crore. He said that Reliance Life would tie up with banks for distribution of its products.

Mr. Ambani said that the company was in talks to sell a 26 per cent stake to strategic partners in its general insurance business as well.

author image
Author