City
Epaper

Reliance Capital's debt swells to Rs 20,380 crore

By ANI | Updated: January 8, 2021 18:20 IST

Anil Ambani-led Reliance Capital has said its total outstanding debt rose to nearly Rs 20,380 crore by end-December 2020.

Open in App

l Amb-led Reliance Capital has said its total outstanding debt rose to nearly Rs 20,380 crore by end-December 2020.

In September last year, it had reported a total debt of Rs 19,806 crore.

Now, the principal amount due to HDFC Ltd is Rs 523.98 crore and to Axis Bank Rs 100.63 crore, Reliance Capital said in regulatory filings at stock exchanges.

"The total amount of outstanding borrowings from banks and financial institutions works out to Rs 700.76 crore, including accrued interest up to December 31," it said.

"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."

The company said delay in debt servicing is due to prohibition to dispose off, alienate, encumber either directly or indirectly or otherwise part with the possession of any assets by the Delhi High Court, the Debts Recovery Tribunal in Mumbai and the Bombay High Court.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Housing Development Finance CorporationReliance Capital
Open in App

Related Stories

BusinessHinduja Group Acquires Reliance Capital from Anil Ambani: What’s Next for 1.28 Lakh Employees

International'Valuation gap between ICICI Bank and HDFC Bank may not widen in short run'

NationalHDFC to merge with HDFC Bank on July 1; move propels bank towards prominent position among global financial institutions

InternationalHDFC Ltd to merge into HDFC Bank to create financial behemoth

InternationalCredit Suisse asks Reliance Capital administrator not to proceed with resolution till adjudication of claim

Maharashtra Realted Stories

NashikLemon Prices Spike in Nashik’s Heat; Leafy Vegetables Turn Budget-Friendly

NashikNashik: Major Mishap Averted as Gulmohar Tree Falls on Moving Truck Near Gadkari Chowk

MumbaiMumbai Fire Brigade Deploys 'Fire Robot' to Douse Massive Blaze at Croma Showroom in Bandra (Watch Video)

MaharashtraSolapur Shocker: Trainee Doctor Commits Suicide Inside Hostel Room

MaharashtraMaharashtra Government Announces ₹50 Lakh Aid for Families Affected by Pahalgam Terror Attack