Reliance Life may sell 26% stake to Nippon

Reliance Life may sell 26% stake to Nippon

 Sources said the talks are in advanced stage. Reliance Capital wholly owns Reliance Life, a business it acquired from AMP Sanmar in 2005.

Last year, there were reports Reliance Life Insurance was in talks with global insurance players, including Swiss Re, to sell 10 to 15 per cent stake.