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 Big Debt

(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.

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