Reliance Industries Limited to Acquire Bharti's Stake in the Insurance Joint-Ventures with AXA in India

AXA, Bharti Enterprises ("Bharti") and Reliance Industries Limited ("RIL") announced today having reached an understanding on the acquisition by RIL and its associate Reliance Industrial Infrastructure Limited ("RIIL") of Bharti's shareholding of 74% in Bharti AXA Life Insurance Co. Ltd ("Bharti AXA Life") and Bharti AXA General Insurance Co. Ltd. ("Bharti AXA GI").