Wednesday, April 14, 2021

Religare Finvest to default on Rs 100 crore NCD payment obligation

NBFC firm Religare Finvest Limited (RFL) had borrowed Rs 100 crore from Axis Bank by placing non-convertible debentures (NCDs) on a private placement basis in September 2015. The bonds, bearing a coupon of 10.68 per cent per annum, are set for maturity on April 30, 2021, Religare Enterprises Ltd (REL) said in a regulatory filing.

source https://economictimes.indiatimes.com/industry/banking/finance/religare-finvest-to-default-on-rs-100-crore-ncd-payment-obligation/articleshow/82070449.cms

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