Anil Ambani to close two Reliance Capital units

Embattled tycoon Anil Ambani, the younger brother of India’s richest man Mukesh Ambani, plans to sell off more assets to repay his creditors. At an investors’ meeting in Mumbai, he declared his Reliance Group was planning to pay creditors 150 billion rupees (US$2.1 billion) by March. His finance unit Reliance Capital has decided close two […]