Reliance Capital up 2% after reports of stake sale in insurance biz

Shares in Reliance Capital gained around 1.8 percent after its CEO said that the financial services firm is in 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 confirmed the comments made by the CEO Sam Ghosh to Reuters.

[caption id=“attachment_528894” align=“alignleft” width=“380”] David Hilowitz/Flickr.com[/caption]

Ghosh did not name the potential partners in the interview.

Reuters