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Hero FinCorp in talks to buy Reliance General Insurance, says report

Updated : May 30, 2019 08:55 AM IST

As the Anil Ambani-owned firm tries to fix its balance sheet, the deal is expected to reduce the firm's debt by Rs 18,000 crore.
The report said that with the sale proceeds of general insurance and mutual fund businesses, the debt will be brought down by Rs 9,000 crore.
Hero FinCorp in talks to buy Reliance General Insurance, says report
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