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In relief to RInfra, lenders sign inter-creditor pact

DNMUM439142 | 7/12/2019 | Author : DNA Money Correspondent | WC :485



Mumbai: Anil Ambani-promoted Reliance Infrastructure (RInfra) on Thursday announced that all its 16 lenders have signed ‘inter-creditor agreement’ in order to resolve the company’s debt.
As per the available figures, RInfra has a debt of around Rs 7,500 crore. Over a year ago, the company was sitting on a debt pile of about Rs 22,000 crore.
“Reliance Infrastructure’s 16 lenders have signed the inter-creditor agreement (ICA). As per the Reserve Bank of India’s circular of June 7, 2019, 100% of its lenders have signed ICA for the resolution of Reliance Infrastructure’s debt,” the company spokesperson said in a statement.
With this, RInfra has achieved a standstill for 180 days. According to the RBI circular, the resolution plan o
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