India's Reliance Capital to sell stakes.
BANKING AND CREDIT NEWS-March 8, 2019--India's Reliance Capital to sell stakes
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Global Banking News - 08 March 2019
India-based Reliance Capital has announced plans to sell stakes in asset management and insurance units.
The move comes as the group is looking to cut its mounting debt. The firm is said to be looking to cut its debt by INR100bn to INR120bn over the next three to four months. The target is around 50 to 60 percent of the company's total outstanding debt.
The move would see Reliance Capital sell its 43...
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