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Search Home / Business / Religare Finvest Ltd gears up for new business after approval of its debt restructuring plan Religare Finvest Ltd gears up for new business after approval of its debt restructuring plan The earlier DR plan was rejected by the RBI in March 2020 as the suitor for RFL was not found to be “fit and proper” by the regulator Religare Finvest Ltd is gearing up for new business after its debt restructuring plan was approved by a consortium of 18 lenders led by SBI, Religare Enterprises chairperson Rashmi Saluja said. RFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business as it is under the corrective action plan (CAP) of the RBI since January 2018 because of its weak financial health. ....
McDermott said it was provided the option to purchase a minority common equity ownership interest in the entity purchasing Lummus, as part of the sale agreement in 2020 ....
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