Canada's Intact Insurance Co. and Germany's HDI-Gerling International Holding AG are separately interested in buying a 26% stake in Reliance Capital Ltd.'s (500111.BY) general insurance unit, the Mint newspaper reported Friday.

The Indian company, run by billionaire Anil Ambani, could sell the stake in Reliance General Insurance Co. Ltd. for about INR15 billion ($286.8 million), the newspaper reported, cited two people it said are aware of the matter.

A Reliance Capital spokesperson, saying the report is speculation, declined comment to the newspaper.

Gilles Gratton, vice president of corporate communications at Intact Financial Corp. (IFC.T) -- which owns the Canadian insurer -- and Martin Schrader, a press officer at Talanx AG, which controls HDI-Gerling, declined to comment as well.

Newspaper website: http://www.livemint.com

--By Mumbai Bureau, Dow Jones Newswires; 91 22 6145 6100; djn.in@dowjones.com