Anil Ambani-Led RCom Group's Debt Swells To Rs 20,380 Cr, Owes To Leading Indian Banks

Mumbai: Reliance Capital Ltd, the arm of Anil Ambani-led Reliance Group has introduced that by the tip of December 2020, the excellent debt quantity rose to Rs 20,379.71 crore. The debt together with curiosity as of August 31, 2020, stood at Rs 19,805.7 crore. ALSO READ | Airfare Sale: Guide Tickets At Discounted Value Beginning Rs 1,299

Reliance Capital on the regulatory submitting on Thursday mentioned that the overall monetary indebtedness of the listed entity, together with short-term and long-term debt and accrued curiosity, was Rs 20,379.71 crore on the finish of December 2020.

Based on RCL, the principal quantity as a consequence of HDFC Ltd is Rs 523.98 crore and to Axis Financial institution Rs 100.63 crore.

The overall quantity of excellent borrowings from banks and monetary establishments works out to Rs 700.76 crore, together with accrued curiosity as much as December 31, the corporate additional added.

Equally, Reliance House Finance, one other arm of the Anil Ambani led Reliance, has mentioned that the overall excellent debt was near Rs 13,000 crore

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The overall monetary indebtedness of the listed entity, together with short-term and long-term debt, stood at Rs 12,943.18 crore on the finish of December 31, 2020. This contains principal and curiosity.

SBI Declares Reliance Accounts As Fraud

The troubles of Anil Ambani aren’t but over, because the State Financial institution of India (SBI) informed the Delhi Excessive Court docket, that financial institution accounts of Reliance Communication, Reliance Telecom, and Reliance Infratel has been declared a fraud, opening up potentialities of a probe by the Central Bureau of Investigation.

In the meantime, the courtroom has requested the financial institution to take care of the established order on the accounts.

Based on the information accessible on the web site of Reliance communication on the time of submitting of chapter, collectors had claimed that the cellular operator agency owed over Rs 49,000 crore, Reliance Infratel owed over Rs 12,000 crore and Reliance Telecom owed over Rs 24,000 crore to the SBI.



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