Reliance Commercial Finance heads to a resolution by the month-end

Reliance Commercial owes creditors ₹9,017 crore. Authum has offered ₹2,207 crore - a 75% haircut for secured creditors - largely funded by internal cash reserves accumulated in the debtor and also some cash payment by Authum.

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