India: Billionaire Burman family set to sell 25% stake in Aviva Life

India: Billionaire Burman family set to sell 25% stake in Aviva Life

The billionaire Burman family is set to pare its stake and give up control of a life insurance joint venture with UK’s Aviva Plc as part of its strategy to raise capital for the core consumer goods business, two people with direct knowledge of the matter said.