Brief: Reliance Capital Says Divestment Deal With Music Broadcast To Reduce Co's Debt By 12 Bln Rupees

Music Broadcast

27/05/2019 13:49

May 27 (Reuters) - Reliance Capital Ltd  RLCP.NS :
    * RELIANCE CAPITAL GROUP TO DIVEST ENTIRE STAKE IN BIG 92.7
FM
RADIO BUSINESS TO MUSIC BROADCAST LIMITED
    * TRANSACTION WILL REDUCE RELIANCE CAPITAL'S DEBT BY AN
ESTIMATED
12 BILLION RUPEES
    * EXPECT RELIANCE CAPITAL'S DEBT TO REDUCE BY APPROX. 120
BILLION
RUPEES IN CURRENT FINANCIAL YEAR

Source text: http://bit.ly/2JIuqWI
Further company coverage:  MUSI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))