{"id":4317,"date":"2019-03-07T11:21:39","date_gmt":"2019-03-07T11:21:39","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=4317"},"modified":"2019-03-07T15:57:00","modified_gmt":"2019-03-07T15:57:00","slug":"reliance-capital-to-reduce-debt-monetise-stakes","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/","title":{"rendered":"Reliance Capital to reduce debt, monetise stakes"},"content":{"rendered":"<p>Reliance Capital Limited, a part of Reliance Group, today announced its overall strategy to reduce its debt by approx. Rs. 10,000 &#8211; 12,000 crore in the next 3-4 months. This substantial 50 &#8211; 60% reduction in RCAP\u2019s debt, will be achieved by monetisation of its 43% stake in RNAM and 49% stake in RGICL, along with several non-core investments. The completion of these transactions will be a major step forward in Reliance Capital\u2019s deleveraging<br \/>\nstrategy. The key highlights are:<\/p>\n<p>\uf0b7 Reliance Capital to monetise its 43% stake in RNAM, which is currently valued at over Rs.5,000 crore. The strategic sale of the controlling stake in RNAM is expected to be at a significant premium to market.<\/p>\n<p>\uf0b7 Reliance Capital to monetise its 49% stake in RGICL (presently 100% owned). RGICL has filed the DRHP for an IPO with SEBI on February 8, 2019.<\/p>\n<p>\uf0b7 Reliance Capital is at an advanced stage of monetising several valuable non-core investments, including inter alia, a strategic stake sale in Prime Focus Ltd. and other media assets<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Capital Limited, a part of Reliance Group, today announced its overall strategy to reduce its debt by approx. Rs. 10,000 &#8211; 12,000 crore in the next 3-4 months. This substantial 50 &#8211; 60% reduction in RCAP\u2019s debt, will be achieved by monetisation of its 43% stake in RNAM and 49% stake in RGICL, along [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[3507,65,1130],"class_list":["post-4317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-politics","tag-monetization","tag-reliance-capital-ltd","tag-reliance-group"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reliance Capital to reduce debt, monetise stakes - Finance Intellect<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Capital to reduce debt, monetise stakes - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"Reliance Capital Limited, a part of Reliance Group, today announced its overall strategy to reduce its debt by approx. Rs. 10,000 &#8211; 12,000 crore in the next 3-4 months. This substantial 50 &#8211; 60% reduction in RCAP\u2019s debt, will be achieved by monetisation of its 43% stake in RNAM and 49% stake in RGICL, along [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-07T11:21:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-07T15:57:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/03\/Reliance..png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"648\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Team Finance Intellect\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Finance Intellect\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/\"},\"author\":{\"name\":\"Team Finance Intellect\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/8b5a59fca13673b990c789631416f48e\"},\"headline\":\"Reliance Capital to reduce debt, monetise stakes\",\"datePublished\":\"2019-03-07T11:21:39+00:00\",\"dateModified\":\"2019-03-07T15:57:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/\"},\"wordCount\":167,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/03\/Reliance..png\",\"keywords\":[\"monetization\",\"Reliance Capital Ltd\",\"Reliance Group\"],\"articleSection\":[\"Economy and Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-capital-to-reduce-debt-monetise-stakes\/\",\"name\":\"Reliance Capital to reduce debt, monetise stakes - 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