Indian Tycoon Anil Ambani in Talks to Sell General Insurer to Shadow Lender
Anil Ambani, chairman of Reliance Group, looks on while attending the opening ceremony of the Aero India air show at Air Force Station Yelahanka in Bengaluru, India. (Photographer: Dhiraj Singh/Bloomberg)

Indian Tycoon Anil Ambani in Talks to Sell General Insurer to Shadow Lender

(Bloomberg) -- Beleaguered Indian tycoon Anil Ambani is in talks to sell his group’s general insurance unit to a shadow lender, people familiar with the matter said, as he seeks to reduce debt.
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