Left Menu
Development News Edition

Reliance Capital shares fall over 2 pc

Reliance Capital shares fall over 2 pc
Image Credit: StoryBlocks

Reliance Capital shares on Wednesday fell over 2 percent after the company said it had defaulted on payments obligations on bonds and interest generated towards the same. The scrip declined 2.25 percent to Rs 15.20 on the BSE.

On the NSE, it dipped 2.25 percent to Rs 15.20. Making disclosure to stock exchanges regarding payment of interest and principal on non-convertible debentures, it said the rating downgrade by CARE in September has initiated acceleration of various facilities by certain lenders.

It also triggered consequential demands for immediate payment of amounts that were otherwise due and payable in a phased manner over the next eight years till March 2028, as per the original terms of lending. "It is expected that the debt servicing of the company in relation to the accelerated amounts and otherwise will be delayed.

"Accordingly, as regards the non-convertible debentures ...the interest/principal obligations due on November 25, 2019, and November 26, 2019, are also delayed," it said in the filing.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



WEF2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...

SDG13: How you can reduce global warming by changing your food habits

The mega narratives of various international organizations give the impression that fighting global warming is only a job of government agencies. However, the European Investment Bank EIB has designed a questionnaire which besides making th...


Latest News

PRESS DIGEST- Financial Times - Jan 23

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines- Jaguar Land Rover plans to cut 500 jobs at Merseyside plant httpson.ft.com36efkiE - Sainsbury...

HIGHLIGHTS-Tennis-Day four at the Australian Open

Highlights of the fourth day at the Australian Open, the first Grand Slam tournament of the year, on Wednesday times AEST GMT11 1301 BENCIC MARCHES INTO THIRD ROUNDSwiss Belinda Bencic came through a tricky clash with former French Open win...

Air New Zealand trialing in computer vision AI to improve aircraft turn

Air New Zealand is trialing the latest in computer vision artificial intelligence AI in its search for innovative ways to continually improve aircraft turn times and better on-time performance.The new technology, made available through a pa...

China suspends all public transport in Wuhan city as coronavirus cases climb to 571 with 17 deaths

China has suspended all public transport, including flights in and out of Wuhan, the epicentre of the coronavirus as the confirmed cases climbed to 571 mostly from the city with 17 deaths so far. The World Health Organization WHO which held...

Give Feedback