Anil Ambani plans Rs 21,700 crore asset sales to pare massive debt

Tycoon Anil Ambani plans to raise about Rs 21,700 crore ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt. Anil Ambani is waging a war on debt. He had said on June 11 that his Reliance Group repaid Rs 35,000 crore in the past 14 months through asset disposals.

Anil Ambani plans Rs 21,700 crore asset sales to pare massive debt
Tycoon Anil Ambani plans to raise about Rs 21,700 crore ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt. Anil Ambani is waging a war on debt. He had said on June 11 that his Reliance Group repaid Rs 35,000 crore in the past 14 months through asset disposals.