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RInfra to cut its Rs 6,000 cr debt, follow capital-light model: Anil Ambani

Ambani further said the four business verticals including roads, metro, energy and airport are fully funded

Anil Ambani

Anil Ambani

Press Trust of India Mumbai
Reliance Infrastructure (RInfra) which is sitting on a debt of Rs 6,000 crore, is on track to reduce leverage even further as it focuses to be an asset-and capital-light entity, the company said on Monday.

Addressing the shareholders at the AGM, chairman Anil Ambani also said the group's defence businesses will also follow an asset- and capital-light model.

"Our intent is to reduce the debt further. At present we are have around Rs 6,000 crore of debt but with a large networth," the RInfra chairman said, adding the will focus on the domestic market and take up more complex infrastructure and transportation

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First Published: Sep 30 2019 | 5:38 PM IST

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