India: To cut debt by $283m, Reliance Capital sells TV & radio business to Zee

India: To cut debt by $283m, Reliance Capital sells TV & radio business to Zee

Subhash Chandra Chairman, Essel Group & ZEE

In a bid to reduce its mounting debt, Anil Ambani-led Reliance Capital has sold 100 per cent stake in its television business and 49 per stake in its radio broadcast business to media major Zee Group.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter