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Shapoorji Pallonji Group holds talks to raise Rs 4,000 crore from SSG Capital, others


Shapoorji Pallonji Group holds talks to raise Rs 4,000 crore from SSG Capital, others
The move by SP & Company (SPCPL), which is the flagship company of SP Group, comes at a time when banks are considering its one-time restructuring (OTR) application
BusinessToday.In | March 16, 2021 | Updated 12:06 IST
SP Group is holding discussions with SSG Capital and other institutions to raise funds until its one-time restructuring (OTR) application gets approval
Shapoorji Pallonji (SP) Group is in talks with overseas investors to raise up to Rs 4,000 crore as debt to be paid to Indian creditors.
This is said to be a last-ditch attempt by the financially stressed conglomerate to bypass the NPA (non-performing asset) label by March-end.The group has already put its three assets on the block. The move by SP & Company (SPCPL), which is the flagship company of SP Group, comes at a time when banks are considering its one-time restructuring (OTR) application. ....

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Reliance Home Finance defaults on Rs 40 crore loan repayment to Punjab & Sind Bank


Reliance Home Finance defaults on Rs 40 crore loan repayment to Punjab & Sind Bank
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Last Updated: Mar 06, 2021, 07:21 PM IST
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The company s total obligation is of Rs 200 crore on a 5-year tenure secured term loan at 9.25 per cent per annum from Punjab & Sind Bank, RHFL said in a regulatory filing. The company has net cash (including cash equivalent, liquid mutual fund investments, fixed deposits etc) of more than Rs 1,500 crore.
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Reliance Home Finance Ltd (RHFL) on Saturday said it has defaulted on loan of over Rs 40 crore from Punjab & Sind Bank even as the company has enough cash and cash equivalent which it cannot use due to a court order. The Anil Ambani-controlled Reliance Capital s subsidiary defaulted on loan on February 15, 2021, and the current amount of default is Rs 40 crore alongside an interest of Rs 15 lakh. ....

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Reliance Home Finance defaults on Rs 40 cr loan repayment to P&S Bank


Reliance Home Finance Ltd (RHFL) on Saturday said it has defaulted on loan of over Rs 40 crore from Punjab & Sind Bank even as the company has enough cash and cash equivalent which it cannot use due to a court order.
The Anil Ambani-controlled Reliance Capital s subsidiary defaulted on loan on February 15, 2021, and the current amount of default is Rs 40 crore alongside an interest of Rs 15 lakh.
The company s total obligation is of Rs 200 crore on a 5-year tenure secured term loan at 9.25 per cent per annum from Punjab & Sind Bank, RHFL said in a regulatory filing.
The company has net cash (including cash equivalent, liquid mutual fund investments, fixed deposits etc) of more than Rs 1,500 crore, it said. ....

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Reliance Home Finance defaults loan repayment to P&S Bank


Reliance Home Finance defaults loan repayment to P&S Bank
The Anil Ambani-controlled Reliance Capital s subsidiary defaulted on loan on February 15, 2021, and the current amount of default is Rs 40 crore alongside an interest of Rs 15 lakh
PTI | March 6, 2021 | Updated 20:51 IST
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Reliance Home Finance Ltd (RHFL) on Saturday said it has defaulted on loan of over Rs 40 crore from Punjab & Sind Bank even as the company has enough cash and cash equivalent which it cannot use due to a court order.
The Anil Ambani-controlled Reliance Capital s subsidiary defaulted on loan on February 15, 2021, and the current amount of default is Rs 40 crore alongside an interest of Rs 15 lakh. ....

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