India’s Reliance Group to lease out headquarters to cut debt
Conglomerate will still own the premises in the premium commercial area of western Mumbai
01 July 2019 - 21:58
Mumbai — Reliance Group is looking to lease out its headquarters in one of Mumbai's prime suburbs, a move that will help the company to raise funds to pay off debt, the telecoms to infrastructure conglomerate said.
Some of the companies under the Reliance Group conglomerate, controlled by businessman Anil Ambani, have been hit by a spate of credit ratings downgrades and auditing issues...
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