India's Reliance Capital in talks with four firms to divest majority stake in subsidiary

India's Reliance Capital in talks with four firms to divest majority stake in subsidiary

Reliance Asset Management will soon be renamed Reliance Nippon Life Asset Management, subject to approvals from relevant authorities. Photo: Abhijit Bhatlekar/Mint

Reliance Capital Ltd (RCap) is in talks with four firms to sell a majority stake in its unit Reliance Home Finance Ltd that may also include divesting ownership control to the new partner, said three people familiar with the matter.