Sunday, August 25, 2024

BANKING

Lenders to debt-laden Reliance Capital expressed concerns over the term sheet provided by IIHL for Rs 7,300 crore debt mobilisation, citing numerous conditions. The CoC sought further documents and moved to forfeit IIHL's Rs 2,750 crore escrow amount if defaults occurred. Interest on the debt from August 8 was also demanded.

from Banking/Finance-Industry-Economic Times https://ift.tt/xDAE6Jd
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