Business Standard

Reliance Captial to scale down financial services for debt reduction

The company's stand-alone net debt stands at Rs 18,000 crore

Reliance Capital

Jash Kriplani Mumbai
Reliance Capital (RCap), which had expanded as a large financial conglomerate, will soon have to scale down in financial services, as it looks to monetise its assets to pare debt.
The company could look to re-build again, but before that it would have to go through a phase of restructuring. This period of transition could see the firm give up on some of its steady profit-generating businesses.
The company’s stand-alone net debt stands at Rs 18,000 crore. The asset monetisation plans that it has in place could potentially bring in over Rs 10,000 crore. 
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First Published: May 31 2019 | 12:49 AM IST

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