Reliance Capital gains; in talks to sell insurer stake
Reuters Market Eye - Shares in Reliance Capital (RLCP.NS) gain around 1.8 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.
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.
- Tweet this
- Share this
- Digg this
Trending On Reuters
The government sold a 10 percent stake in state-run behemoth Coal India on Friday, in a bumper sale which saw demand from institutional investors marginally exceed supply, giving a welcome boost to the government's faltering divestment drive. Full Article