{"id":294575,"date":"2019-10-01T11:18:12","date_gmt":"2019-10-01T05:48:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=294575"},"modified":"2019-10-01T11:27:12","modified_gmt":"2019-10-01T05:57:12","slug":"rinfra-to-cut-debt-further-to-be-capital-light-anil-ambani","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rinfra-to-cut-debt-further-to-be-capital-light-anil-ambani\/","title":{"rendered":"RInfra to cut debt further, to be capital-light: Anil Ambani"},"content":{"rendered":"<p>Reliance Infrastructure (RInfra) which is sitting on a debt of Rs 6,000 crore, is on track to reduce leverage even further as it focuses to be an asset-and capital-light entity, the company said on Monday. <\/p>\n<p>Addressing the shareholders at the AGM, chairman Anil Ambani also said the group&#8217;s defence businesses will also follow an asset- and capital-light model. <\/p>\n<p>&#8220;Our intent is to reduce the debt further. At present we are have around Rs 6,000 crore of debt but with a large networth,&#8221; the RInfra chairman said, adding the will focus on the domestic market and take up more complex infrastructure and transportation projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Infrastructure (RInfra) which is sitting on a debt of Rs 6,000 crore, is on track to reduce leverage even further as it focuses to be an asset-and capital-light entity, the company said on Monday. Addressing the shareholders at the AGM, chairman Anil Ambani also said the group&#8217;s defence businesses will also follow an asset- and capital-light model. &#8220;Our intent is to reduce the debt further. At present we are have around Rs 6,000 crore of debt but with a large networth,&#8221; the RInfra chairman said, adding the will focus on the domestic market and take up more complex infrastructure [&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":[130,213,144],"tags":[],"class_list":["post-294575","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294575","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=294575"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294575\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=294575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=294575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=294575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}