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Thursday, 11 July 2019

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / Anil Ambani plans Rs 21,700 crore asset sales to pare massive debt

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

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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.

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