Reliance Capital, the non-banking finance arm of Anil Ambani’s Reliance group, has decided to sell all its non-core investments by March 2018, a move that is expected to lead to large capital gains.
Addressing analysts, chairman Mr. Ambani said the firm would focus only on financial services with housing, SME and consumer finance planned as the 3 new growth engines.
“All non-core investments to be monetised by March 2018 leading to large capital gains,” the call transcript cited Mr. Ambani as saying. Value-creating consolidation opportunities would be pursued, he said.
