Corporate structure simplification, divestment of non-core asset major +ve for Rel Cap: Investec

Reliance Capital held an analyst meeting yesterday where Chairman Anil Ambani shared his long term outlook and assured investors about the company's turnaround story.

Nidhesh Jain, Analyst at Investec Capital Services who attended the meet, said that the simplification of the company's corporate structure and demerging of its commercial business while separately listing the reliance home finance business is a big positive for Reliance Capital.

This will help analysts and investors to better understand the profitability of the company's commercial finance book, he said.

Speaking to CNBC-TV18 he said that the divestment announcement of its non-core assets which includes Rs 2,000 crore of equity investments in listed and unlisted equities is also a major positive.