Reliance Capital to offload 26% in its life insurance subsidiary...

Reliance Capital has decided to offload 26% stake in its life insurance subsidiary, Reliance Life, soon and is evaluating couple of options to do so. Conforming the development, Sam Ghosh, managing director and CEO, said , Currently we are evaluating three options to dilute our stakes in our life insurance company. The various options include roping in a foreign insurer as a partner who will be given only 26%, getting a foreign financial partner, or going for a initial public offering. Ghosh said the company will evaluate all these options and will decide about the final one in three months. ...

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