Lenders Raise Serious Concerns About Rs 7,300 Cr Debt Mobilisation by IIHL
Sunday, 25 August 2024, 09:05
Lenders Raise Concerns on Reliance Capital's Rs 7,300 Cr Debt
Lenders to the struggling Reliance Capital have expressed concerns regarding a substantial Rs 7,300 crore debt mobilization effort by IIHL. The situation has escalated as creditors worry about the key conditions linked to the drawdown, particularly the equity shares pledged by RCAP as outlined in the term sheets.
Key Points of Concern
- The debt mobilization raise safety flags for existing creditors.
- Pledged assets could impact future financial maneuvers by Reliance Capital.
- Potential constraints on liquidity as lenders reassess risk profiles.
This raises significant questions about corporate governance and risk management practices going forward.
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.