Lenders Raise Concerns About Reliance Capital's Rs 7,300 Cr Debt Strategy
Sunday, 25 August 2024, 05:57
Concerns Arise Over Debt Term Sheet
Lenders to Reliance Capital (RCAP) have expressed significant concerns regarding the Rs 7,300 crore debt term sheet offered by IIHL. This news casts a long shadow over Reliance Capital's financial stature, given its current debt challenges.
IIHL and Debt Raising Efforts
To tackle the financial hurdles, IIHL has appointed 360 One and Barclays for raising the requisite Rs 7,300 crore through debt channels. The financial community watches closely as lenders weigh their options amidst Reliance Capital’s precarious position.
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.