Deals
Anil Ambani Plans $3.2 Billion Asset Sales to Pare Big Debt
- Tycoon aiming to sell road projects, radio, insurance business
- Some Reliance Group companies have been hit with rating cuts
This article is for subscribers only.
Indian tycoon Anil Ambani plans to raise about 217 billion rupees ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt.
The breakdown is like this, according to the group spokesman: