Business Standard

Anil Ambani-backed Reliance Capital delays interest payment obligation

The demand for immediate payments for the facilities availed by the firm from various lenders

Anil Ambani, Reliance Capital, Anmol Ambani, Reliance
Premium

File photo of Anil Ambani

Subrata Panda Mumbai
Reliance Capital has informed the exchanges that it’s servicing of interest or principal of non-convertible debentures falling due on December 9 is delayed. 

The firm in its filing to the exchanges said, CARE rating downgrading the company’s entire debt to default rating in September, despite no overdues on principal or interest payment to any lender on the part of the firm, has led to acceleration of various facilities by certain lenders. 

The demand for immediate payments for the facilities availed by the firm from various lenders, which other-wise was to be paid over a phased manner.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in