Reliance Capital s total outstanding debt snowballs to Rs 20,380 cr in December
Total financial indebtedness of the listed entity, including short-term and long-term debt and accrued interest, was Rs 20,379.71 crore at the end of December 2020, Reliance Capital said in a regulatory filing
PTI | January 8, 2021 | Updated 16:14 IST
Anil Ambani
Reliance Capital Ltd (RCL), part of Anil Ambani-promoted Reliance Group, has said the total outstanding debt rose to Rs 20,379.71 at the end of December 2020.
The total debt, including interest, stood at Rs 19,805.7 crore on August 31, 2020.
Total financial indebtedness of the listed entity, including short-term and long-term debt and accrued interest, was Rs 20,379.71 crore at the end of December 2020, Reliance Capital said in a regulatory filing on Thursday.
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Lenders extend ICA for Reliance Home Finance resolution till March 2021
Reliance Home Finance, part of Anil Ambani-promoted Reliance Group, recently got bids from six suitors as part of the debt resolution process
PTI | December 29, 2020 | Updated 15:42 IST
Lenders to troubled mortgage firm Reliance Home Finance (RHF) have extended the inter-creditor agreement (ICA) for another three months.
Reliance Home Finance, part of Anil Ambani-promoted Reliance Group, recently got bids from six suitors as part of the debt resolution process. The lenders of the company forming part of the Inter creditor Agreement (ICA), executed pursuant to the Reserve Bank of India (RBI) circular dated June 7, 2019 on Prudential Framework for Resolution of Stressed Assets, have extended the ICA period till March 31, 2021, the company said in a regulatory filing.
Lenders extend ICA for Reliance Home Finance resolution till March 31
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Last Updated: Dec 29, 2020, 11:59 AM IST
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Synopsis
As per June 7 circular of the RBI, lenders can extend the time period of the pact if an account has not been resolved within 180 days of signing ICA.
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Lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non-compliant bidders, sources added.
New Delhi: Lenders to troubled mortgage firm
Reliance Home Finance (RHF) have extended the inter-creditor agreement (ICA) for another three months. Reliance Home Finance, part of Anil Ambani-promoted Reliance Group, recently got bids from six suitors as part of the debt resolution process.
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