Anil Ambani told how his debt of 20 thousand crores will end in a jiffy, said this about Reliance Capital

Anil Ambani told how his debt of 20 thousand crores will end in a jiffy, said this about Reliance Capital

Anil Ambani on Reliance Capital: Under the burden of debt, Anil Ambani said that after the completion of the resolution process of Reliance Commercial Finance (RCF) and Reliance Home Finance (RHF), the debt of Reliance Capital will come down by about 50 percent or 20 thousand crores. will go.

Lenders of Reliance Commercial Finance and Reliance Home Finance have accepted the bid of Autom Investment and Infrastructure Limited to acquire the company. This entire process has been done under the guidelines of the Prudential Framework for Resolution of Stressed Assets 2019 of the Reserve Bank. Reliance Capital holds 100 percent stake in Reliance Commercial Finance, while the company also has a major stake in Reliance Home Finance.

Total debt on Reliance Capital is 40 thousand crores

The total debt on Reliance Capital is about 40 thousand crores. According to Anil Ambani, when the resolution of both the companies is completed, then the debt of Reliance Capital will be reduced by half to around 20 thousand crores. Under the resolution, the debt of these two companies will be removed from the balance sheet of Reliance Capital. This will make it easier for Reliance Capital to do business and this is good news for the company's stakeholders as well.

The debt on Reliance Capital will be reduced by half

Anil Ambani said that after the completion of this process, Reliance Capital will have a debt of 15,000 crores in the form of non-convertible debentures, which is a secured loan. 5000 crore loan is unsecured.

Deal of both companies for 5100 crores

Talking about the resolution process, Authum Investment will give Rs 2200 crore for Reliance Capital Finance and Rs 2900 crore for Home Finance. The company has promised that it will not fire the current employees of both the companies.

Reliance Capital stock performance

The stock of Reliance Capital closed at Rs 19.70 with a rise of 4.80 per cent today. The 52-week high is Rs 30.65 and the low is Rs 7.10. The company's market cap is only Rs 497 crore. The promoter holds only 1.5 per cent stake in this company, while the public holds 94.32 per cent. The stock has gained 21 per cent in the last one week. There has been a jump of 65 percent so far this year.

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Sony launches 85-inch 8K LED TV in India for Rs 13 lakh, know what's special in it

Sony launches 85-inch 8K LED TV in India for Rs 13 lakh, know what's special in it

 Sony Bravia XR Master Series 85Z9J 8K LED TV has been launched in India for Rs 12,99,990. The large screen LED television has a resolution of 7,680x4,320 pixels, runs on Android TV software, and is powered by the Sony XR Cognitive Processor. The most expensive TV in the company's product range in India, is now available for sale in India through Sony retail stores, its online stores, leading electronics stores and select e-commerce portals.

Next generation content support in 8k TV

Sony's new TV is equipped with advanced features with 8K resolution and supports next generation content. While the device isn't yet available for 8K content viewing in India, the Sony 85X9J is worth considering if you want to watch high-resolution content at 8K resolution in the future. The Sony 85X9J TV will compete with the 8K option from brands like Samsung, LG and Hisense.

Specifications of Sony Bravia XR Master Series 85Z9J LED TV

The key feature of the Sony 85Z9J TV is its 7,680x4,320-pixel LED screen with support for HDR up to Dolby Vision format. In addition, the TV works on Android TV for smart connectivity with the Google TV interface, and also supports Google Chromecast and Apple AirPlay. The TV is powered by Sony's XR Cognitive processor, which has also been seen at some of the company's other launches this year.

Sony's new TVs have a rated output of 85W through a ten-speaker setup that includes two mid-range drivers, four tweeters and four subwoofers. There's Dolby Atmos audio support, and the TV has 16GB of onboard storage for apps and app data, along with the Google Play Store for apps. The TV also supports local dimming, with a refresh rate of up to 120Hz at Ultra-HD resolution.

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