RCap in talks with 4 investors to divest stake in Reliance Home Finance

Reliance Home Finance is also looking to wind down its book and focus on the retail segment, which is valued at about Rs 4,000 crore

Reliance Capital is in talks with at least four companies to sell its stake in housing finance subsidiary Reliance Home Finance, which is under debt of around Rs 11,500 crore.

Reliance Capital is in talks with Varde Partners, AION Capital, Cerberus Management and Altico Capital India. Of them, two companies are at an advanced stage of discussions with Reliance Capital.

Reliance Home Finance is looking to wind down its book and focus on the retail segment, which is valued at about Rs 4,000 crore. The wholesale loan book of the company is over Rs 6,000 crore.

Earlier, Reliance Capital was