Ambani’s Reliance Capital to exit lending business, shares hit two-decade low

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MUMBAI: Indian financial services company Reliance Capital will exit the lending business, group Chairman Anil Ambani said on Monday, sending its shares to over two-decade low. This comes as the non-banking financial company faced “collateral damage” due to a slowing economy and a lending crisis in the sector, Ambani said at the company’s annual general meeting.

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