Anil Ambani is selling its Radio Unit to downsize the wider group liabilities. Ambani’s Reliance Capital Group is planning to first sell a 24% stake of Reliance Broadcast Network Ltd. to Music Broadcast Ltd., which is a part of Jagran Prakashan Ltd. This deal has been confirmed by both the parties and will be completed by April 2020.

This move is Anil Ambani's second attempt of selling its stake after reliance capital has sold its Mutual fund business to Nippon Life Insurance. The Anil-led wireless phone-services unit made a loss due to a subsequent government crackdown on bad loan and facing insolvency issue. Anil’s power, defense and infrastructure units are also having a tough battle to reduce piling debt, bankruptcy cases and regulatory hurdles.