Reliance/Bharti/Axa

Reliance Industries enters insurance with Bharti Axa acquisition

Reliance group buys Bharti's 74% stake in two insurance joint ventures in India, bringing Mukesh Ambani into direct competition with younger brother Anil.

Sameera Anand

June 13, 2011

Mukesh Ambani (AFP)

Mukesh Ambani, chairman of India’s Reliance Industries, is expanding his business empire into insurance, putting him in direct competition for the first time with his younger brother, Anil.

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