Reliance Capital Ltd. on Friday said it has reduced outstanding commercial papers to Rs 75 crore from Rs 950 crore earlier. "ICRA had revised the ratings on our short-term debt programme (CPs) of Rs 950 crore to A4 on April 26,” Reliance Capital said in a filing to the BSE.
"The company has redeemed CPs of Rs 875 crore on the respective due dates in the past two months, and the outstanding CP is now Rs 75 crore, which will also duly be redeemed on its maturity date i.e. July 24," the regulatory filing read.
On Friday, Reliance Capital shares fell 0.72 percent to Rs 68.55 apiece on the BSE while the benchmark Sensex shed 1.01 percent to end the day at 39,194.49 points.
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