NEW DELHI, April 5 (Reuters) – India’s Reliance Capital (RLCP.BO) is in talks with Zurich-based reinsurer Swiss Re (RUKN.VX) for a proposed foray into health insurance, The Economic Times newspaper reported on Monday.
Financials
The report said the discussions for a joint venture health insurance company was taking place alongside talks for Swiss Re’s equity participation in Reliance Life, a unit of Reliance Capital.
Last week, the Mint newspaper had reported Reliance Life may sell a 26 percent stake to Swiss Re for at least 7 billion rupees ($157 million.) [ID:nSGE62S01Y] ($1=44.6 rupees) (Writing by Devidutta Tripathy; editing by Malini Menon)