Reliance Communications Limited — Important, 03-07-2025: Defaults on Payment of Interest/Principal
03-07-2025 | 05:04 pm
03-07-2025 | 05:04 pm
Reliance Communications Limited has announced a board meeting to review the financial results for the quarter and half-year. The company is currently undergoing corporate insolvency resolution. As of now, it has outstanding loans/revolving credit facilities totaling Rs. 28,826 crore, all in default. The total financial indebtedness stands at Rs. 40,413 crore. Interest liabilities of Rs. 31,175 crore on loans and Rs. 3,465 crore on non-convertible debentures remain unprovided in the financials. This heavy debt burden and ongoing insolvency impact the company’s financial stability and shareholder value.
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