Reliance Capital defaults on interest payments on HDFC and Axis term loans

The company informed the exchanges that it failed to pay interest of Rs 4.77 crore to HDFC and Rs 0.71 crore to Axis Bank on October 31 as it was unable to proceed with asset monetisation due to various legal barriers, it said in a regulatory filing on November 27.

from Banking/Finance-Industry-Economic Times https://ift.tt/3qdCEs6