Mumbai, July 25 (IANS) The Anil Ambani-led Reliance Capital Ltd on Thursday said it has fully repaid its outstanding commercial paper (CP) of Rs 75 crore and cut its CP dues to zero.
In a statement, the company said it has repaid the CP outstanding of Rs 75 crore on Wednesday.
"With the above repayment, the CP outstanding stands at zero from the peak outstanding amount of approximately Rs 3,500 crore," the statement said.
The CPs were rated 'A4' by ICRA and the same have been repaid in full on the due dates.
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz