Anil Ambani is on a mission to save his debt-laden company, sells another unit of the company. Reliance Capital Group has divested its entire stake in the radio network Big FM. After the disposal of his stake in Reliance Nippon Life Asset Management Company (RNAM), the firm will soon sell off his stake in Big FM.
Reliance Broadcast Network Limited (RBNL) also known as 92.7 Big FM is a radio channel under the Reliance Capital Group. The stakes for the same are sold to the well-known radio channel Radio City. The radio channel is a part of the music company Music Broadcast Limited. It is a subsidiary of Jagran Prakashan Limited.