Reliance Life Insurance Plans to List Shares, Hindu Business Line Reports

Reliance Life Insurance Co., owned by Anil Dhirubhai Ambani, plans an initial public offering within two weeks of getting approval from India’s regulator and may sell as much as 26 percent of the company to a strategic investor, the Hindu BusinessLine reported, citing Malay Ghosh, president and executive director.

To contact the reporter on this story: Suprotip Ghosh in Mumbai at sghosh47@bloomberg.net

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