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MUMBAI: Anil Dhirubhai Ambani Group (ADAG) company, Reliance Capital, plans to unlock value by selling a part of its stake in its life insurance business, a top company official said.

This would be done either through a strategic sale or through an initial public offering (IPO), ADAG Chairman, Mr Anil Ambani, told shareholders at the company's annual general meeting, here today.

Reliance Capital also plans to enter the investment banking business, Mr Ambani said. On its private equity fund, he said that the company plans to raise funds from domestic high net-worth individuals for it. - PTI

Prev: Bharti Hexacom stake dilution under progress: Behura

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