File photo of Anil Ambani, chairman of Reliance Capital Ltd., arrives at the company’s annual general meeting in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)

Anil Ambani Plans $3.2 Billion Asset Sales to Pare Massive Debt

Jul 11 2019, 2:46 AMJul 11 2019, 6:11 AMJuly 11 2019, 2:46 AMJuly 11 2019, 6:11 AM

(Bloomberg) -- Indian tycoon Anil Ambani plans to raise about 217 billion rupees ($3.2 billion) by selling assets from roads to radio stations in a bid to cut debt.