SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Capital to unlock value in Radio, TV businesses to reduce debt by Rs 1,900 crore

24 Nov 2016 Evaluate

Reliance Capital is planning to unlock value in the Radio and TV businesses that will reduce its debt by around Rs 1,900 crore ($283 million) upon final completion of stake sale transactions. These transactions form part of company’s stated strategy to reduce leverage and exposure in non-core business of media and entertainment.

Reliance Broadcast Network (RBNL), the largest operator of FM channels in India, has signed definitive and binding agreements with Zee Media Corporation (ZMCL) to sell 49% stake in its radio broadcast business. Simultaneously, Zee Entertainment Enterprises (ZEEL), a separate entity under Zee Group, will acquire 100% stake in the Group’s General Entertainment TV business. The transaction pegs the combined Enterprise value of Radio and TV business at around Rs 1,900 crore ($283 million).

The entire proceeds from the stake sale would be used to reduce company’s debt upon final completion of stake sale transactions. Both these transactions have been approved by the boards of respective companies and are expected to be completed by next year, subject to applicable approvals.

Reliance Capital Share Price

11.79 0.00 (0.00%)
26-Feb-2024 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×