MARKET EYE-Reliance Capital gains; in talks to sell insurer stake

Tue Nov 20, 2012 10:48am IST

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* Shares in India's Reliance Capital gain 1.6 percent
after its CEO says the financial services firm has began talks
to sell a 26 percent stake in its general insurance arm to a
strategic foreign partner, in an interview with The Economic
Times. 
r.reuters.com/xuf24t
* A spokesman confirms to Reuters the comments made by the CEO
Sam Ghosh in the interview with the newspaper.
* Ghosh did not name the potential partners in the interview.
* In December Reliance Capital had also said it was in talks
with potential partners to sell up to 26 percent in its general
insurance business. 

 (manoj.dharra@thomsonreuters.com)
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