India’s Reliance Life Insurance Plans to List Shares, Line Says

July 12 (Bloomberg) -- 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.

Link to Company News:{2759314Z IN <Equity> CN <GO>}

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

To contact the editor responsible for this story: Margo Towie at mtowie@bloomberg.net