Reliance Capital arm Reliance Commercial Finance into final stages of Rs 9,017 cr debt resolution; voting likely to be over by this date
Reliance Commercial Finance Limited (RCF) – a 100 per cent subsidiary of Reliance Capital Limited (RCAP) is into its final stages of debt resolution, Zee Business’ Brajesh Kumar Mishra reported citing his sources. RCF has a debt of Rs 9,017 cr
The present debt resolution is under the 7 June 2019 circular of Reserve Bank of India’s Prudential Framework for Resolution of Stressed Assets Directions 2019