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.

Bloomberg Quint

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