{"id":281843,"date":"2019-07-12T05:42:01","date_gmt":"2019-07-12T05:42:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281843"},"modified":"2019-07-12T05:52:14","modified_gmt":"2019-07-12T05:52:14","slug":"anil-ambani-plans-3-2-billion-asset-sales","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/anil-ambani-plans-3-2-billion-asset-sales\/","title":{"rendered":"Anil Ambani plans $3.2 billion asset sales"},"content":{"rendered":"<p>Indian tycoon Anil Ambani plans to raise about \u20b921,700 crore ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt.<\/p>\n<p>According to the spokesperson, the breakdown of asset sales would be &#8211; Reliance Infrastructure is seeking \u20b99,000 crore from the sale of nine road projects, Reliance Capital aims to raise \u20b91,200 crore by selling its radio unit, and \u20b911,500 crore from monetizing its holdings in the financial business.<\/p>\n<p>Anil Ambani, on June 11, said that his Reliance Group repaid \u20b935,000 crore in the past 14 months through asset disposals. But a large pile remains. The four biggest group companies still have about \u20b993,900 crore of debt. And that excludes Reliance Communications, Ambani\u2019s former flagship firm, that recently slipped into insolvency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian tycoon Anil Ambani plans to raise about \u20b921,700 crore ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt. According to the spokesperson, the breakdown of asset sales would be &#8211; Reliance Infrastructure is seeking \u20b99,000 crore from the sale of nine road projects, Reliance Capital aims to raise \u20b91,200 crore by selling its radio unit, and \u20b911,500 crore from monetizing its holdings in the financial business. Anil Ambani, on June 11, said that his Reliance Group repaid \u20b935,000 crore in the past 14 months through asset disposals. But a large pile remains. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-281843","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281843"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281843\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}