Business

Anil Ambani’s Reliance debt rises to Rs 20,380 crore; owes money to HDFC, Axis bank

Reliance Capital Ltd (RCL), a part of Anil Ambani-promoted Reliance Group, has stated the overall excellent debt rose to Rs 20,379.71 crore on the finish of December 2020.

The full debt, together with curiosity, stood at Rs 19,805.7 crore on August 31, 2020.

Complete 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, Reliance Capital stated in a regulatory submitting on Thursday.

The principal quantity as a result of HDFC Ltd is Rs 523.98 crore and to Axis Financial institution Rs 100.63 crore, RCL stated.

The full 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 added.

Equally, one other group firm Reliance Dwelling Finance stated the overall excellent debt was near Rs 13,000 crore.

Complete 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 consists of principal and curiosity.

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