Reliance Capital plans to reduce debt by monetising stake in mutual fund, general insurance and media assets. The company expects to raise Rs 5,000 crore by selling stake in the mutual fund company. In a statement, Reliance Capital said that it expects to reduce debt by Rs 10,000-12,000 crore in the next 3-4 months by monetising its entire 43 per cent stake in Reliance Nippon Life Asset Management, selling 49 per cent in Reliance General Insurance and other media assets.
