Reliance capital has fully repaid its outstanding Commercial Paper (CP) of Rs. 75 crore on July 24, 2019. With the repayment the CP outstanding stands at zero from the peak outstanding amount of approximately Rs. 3,500 crore. Though CPs were rated A4 by ICRA, the same have been repaid in full on the due dates.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.
