Company joins a long list of Indian shadow banks that have keeled over since the sudden collapse of infrastructure financier IL&FS Group in September 2018.
The Company has no outstanding loans from banks and approximately 95 per cent of its debt is in the form of debentures, it said
The RBI has appointed Nageswar Rao Y, former executive director of Bank of Maharashtra, administrator of Reliance Capital
The SGX Nifty indicates a quiet start for our markets this morning
The two banks are jointly owed Rs 1,575 cr and had objected to the sale unless their dues are paid. Yes Bank recently moved into Anil Ambani group HQ in Santa Cruz, Mumbai as part of debt settlement
The voting to choose the bidder will end on June 25 and resolve another Rs 9,000 crore of debt of Anil Ambani group company
Bankers say sale of Lavasa Corp, currently under bankruptcy, and RCap and Reliance Naval deals will be delayed, as bidders are re-thinking plans
From centre issuing Rs 5,500 cr worth of zero-coupon bonds for P&SB recapitalisation to Anil Ambani's Reliance Capital getting 10 more bids for subsidiaries, here are top headlines this morning
Reliance Infrastructure has decisively crossed the 200-day moving average (DMA), as per the daily chart.
Over eight bidders have bid for entire assets on as-is-where-is basis.
Reliance Capital, part of Reliance Group, has invited bids for its subsidiaries, including Reliance General Insurance and Reliance Nippon Life Insurance, to repay loans of Rs 20,000 crore
Move follows default on debt to debenture holders who form 99% of the firm's liability
Promoted by Dadha Pharma, it is one of the earliest players in online pharmacy
The resolution is being pursued by change in management of the entity by acquiring a 100 per cent stake
Firm claims Delhi High Court, DRT rulings restrain payments; Reliance Home Fin also defaults on interest payment on term loan and cash credit
It added that Ryna Karani has ceased to be non-executive director from December 13
So far, the lender has offloaded over 4.72 million shares of Reliance Capital
Reliance Capital on September 21 had said that the rating action by CARE was a completely biased, unwarranted and unjustified action on September 20, 2019
On November 15, YES Bank had invoked around 16 lakh equity shares of Reliance Capital, owned by promoter Reliance Inceptum Private Limited
Meanwhile in another filing, Reliance Capital said interest and principal obligations in regards NCD due on Monday has been delayed