Reliance sells TV, radio biz stakes to Zee to reduce debt
Reliance Capital, a part of Anil Ambani-led Reliance Group, on Wednesday announced stake sale in its radio and TV businesses to Zee, that will reduce the former's debt by approximately ₹1,900 crore. "These transactions form part of Reliance Capital’s stated strategy to reduce leverage and exposure in non-core business," ED and CEO of Reliance Group Sam Ghosh said.