Reliance Capital reported a mixed set of third quarter earnings where its net profit fell 11 percent to Rs 209 crore year-on-year (YoY) and revenue increased 68 percent to Rs 3,964 crore (YoY).
Read more: Reliance Capital Q3 profit drops 11% to Rs 209 crore
Speaking to CNBC-TV18, Sam Ghosh, ED and group CEO at Reliance Capital said that the company will reduce its debt through stake sales and intends to bring down to Rs 5,000 crore in FY18.
He said that the company may opt for divestment in non-core business to cut its debt and in FY17 will sell stake only in Reliance Broadcast Network Limited.
Ghosh further expects both the housing and commercial finance to aid in growth going ahead.Watch video for more.
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