Lenders to Reliance Cap Raise Concerns Over Debt Term Sheet by IIHL

Sunday, 25 August 2024, 05:57
Lenders to Reliance Capital (RCAP) are raising concerns over the Rs 7,300 crore debt term sheet presented by IIHL. This development highlights significant apprehensions in the financial community regarding the debt situation at RCAP. IIHL has engaged 360 One and Barclays to facilitate the raising of this substantial fund. The scrutiny reflects broader issues in the debt market and investor sentiment.
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Lenders to Reliance Cap Raise Concerns Over Debt Term Sheet by IIHL

Concerns from Lenders Regarding Reliance Cap

Lenders to Reliance Capital (RCAP) have voiced serious concerns about the term sheet provided by IIHL for raising Rs 7,300 crore. This apprehension marks a critical signal in the current debt landscape.

Financial Implications

  • IIHL has appointed 360 One and Barclays to aid in this substantial debt raising.
  • The uncertainty surrounding Reliance Cap's financial position can influence investor decisions.
  • This situation underscores a vital issue in the overall health of the debt market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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