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Reliance Capital plans to sell 23% more in Life Co

21 Jul 2011 Evaluate

Reliance Capital, which recently signed a pact to sell 26% in Reliance Life Insurance (RLIC) to the world’s sixth biggest life insurance firm Nippon Life, is in talks with domestic public and private lenders and banks to divest further 23% stake. Reliance Capital will continue to hold a minimum of 51% stake in the domestic insurance company post divestments. crackcrack

Peers
Company Name CMP
Bajaj Finance 1027.00
Shriram Finance 1005.00
Aditya Birla Capital 400.10
Tata Capital 350.90
Chola Invest & Fin. 1778.60
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