Reliance Capital is aiming to reduce its debt by exiting all the non-financial businesses in its portfolio in the next 12-18 months. The company wants to dramatically reduce debt level considering it is a core investment company. The company is looking to list its general insurance company, Reliance General Insurance in the current financial year.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.
