Reliance Capital Looks To Cut Debt By Rs 10,000-12,000 Crore Via Sale Of Unit Stakes, Assets

Reliance Capital Ltd. said that it plans to reduce debt by about Rs 10,000-12,000 crore in the next three-four months selling stakes in two businesses and some non-core assets.

Shares of Reliance Capital rose as much 1.7 percent to Rs 193.4 before erasing all its gains and drifting into the negative territory. Reliance Nippon Life stock rallied as much as 9.2 percent to Rs 200.8.

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Reliance Capital Looks To Cut Debt By Rs 10,000-12,000 Crore Via Sale Of Unit Stakes, Assets

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Reliance Capital Looks To Cut Debt By Rs 10,000-12,000 Crore Via Sale Of Unit Stakes, Assets

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