Reliance Capital looks to sell stake in group entities

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Reliance Capital looks to sell stake in group entities

Apr 30, 2019 17:49 IST

Debt-ridden Reliance Capital is planning to bring in strategic investors in two group entities, that’s the home finance and the commercial finance business. The group may also be open to ceding management control in these two entities, if needed. Blackstone, Carlyle, Brookfield, and the Piramal group are reportedly in talks to buy a large stake in Reliance Home Finance in which Rel Cap owns 51 per cent. At this point, all parties have refused to comment on market speculation

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