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Reliance Group NBFCs Seek To Split Loan Book As Part Of Restructuring Plan
Reliance Group NBFCs seek to restructure operations and additional funds from banks
06 Feb 2020, 02:54 PM IST
The two non-banking finance companies under the Anil Ambani-owned Reliance Group are proposing to split their loan book into two and seeking additional funds from lenders, in the hope of restarting operations, according to three people familiar with the discussions. Reliance Home Finance Ltd. and Reliance Commercial Finance Ltd. have submitted a fresh resolution plan to its consortium of banks, led by Bank of Baroda, these people sai...
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