Profit

Reliance Capital Redeems Commercial Paper Worth Rs 875 Crore

The company also said that credit rating agency ICRA has revised the ratings on its short-term debt programme of Rs 950 crore to A4 on April 26, 2019.

 Share
EMAIL
PRINT
COMMENTS
Reliance Capital Redeems Commercial Paper Worth Rs 875 Crore

Reliance Capital's outstanding commercial papert is now Rs 75 crore.


Chennai: 

The Anil Ambani-led Reliance Capital on Friday said it has redeemed commercial paper (CP) worth Rs 875 crore, while the outstanding on this account is to the tune of Rs 75 crore.

Reliance Capital said in a stock exchange filing that "the Company has redeemed CPs of Rs 875 crore on the respective due dates in the past two months, and the outstanding CP is now only Rs 75 crore, which will also duly be redeemed on its maturity date that is July 24, 2019."

The company also said that credit rating agency ICRA has revised the ratings on its short-term debt programme of Rs 950 crore to A4 on April 26, 2019.

The ICRA rating will thereupon stand terminated, it added.



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top