Reliance Capital Limited (NSEI:RELCAPITAL) is in talks with investors such as private equity firms to sell its balance 11% stake in Reliance Nippon Life Asset Management Limited (NSEI:RNAM), said a person familiar with the matter. At Reliance Nippon's closing price of INR 246.25 on August 13, 2019, the stake sale would fetch Reliance Capital INR 16.57 billion. A spokesperson for Reliance Capital declined to comment.