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Reliance Capital gets nod to sell life insurance arm stake

Reliance Capital seems to have moved closer in selling stake in its life insurance business. The Anil Ambani group company has received in-principle approval from IRDA (Insurance Regulatory Development Authority) to sell 26% stake in Reliance Life Insurance to Japan’s Nippon Life Insurance.

September 14, 2011 / 10:55 IST
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Moneycontrol Bureau

Reliance Capital seems to have moved closer in selling stake in its life insurance business. The Anil Ambani group company has received in-principle approval from IRDA (Insurance Regulatory Development Authority) to sell 26% stake in Reliance Life Insurance to Japan
first published: Sep 14, 2011 10:43 am

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