{"id":705,"date":"2024-09-18T11:22:09","date_gmt":"2024-09-18T11:22:09","guid":{"rendered":"https:\/\/povindia.com\/?p=705"},"modified":"2024-09-18T11:22:09","modified_gmt":"2024-09-18T11:22:09","slug":"reliance-infrastructure-limited-reduces-its-standalone-external-debt-from-inr-3831-crore-to-inr-475-crore","status":"publish","type":"post","link":"https:\/\/povindia.com\/?p=705","title":{"rendered":"RELIANCE INFRASTRUCTURE LIMITED REDUCES ITS STANDALONE EXTERNAL DEBT FROM INR 3,831 CRORE TO INR 475 CRORE"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Reliance Infrastructure Limited (Reliance Infra) announced that Invent Assets Securitisation and Reconstruction Private Limited, a lender to the Company, has novated certain charged securities to recover its dues. As a result, Invent ARC&#8217;s entire fund based outstanding amount has been reduced to Zero. <br><br>Additionally, Reliance Infra has cleared its funded outstanding dues to Life Insurance Corporation of India, Edelweiss Asset Reconstruction Company Limited, ICICI Bank, Union Bank, and other lenders. <br><br>The Company\u2019s external debt liability is down to INR 475 crore. Consequently, the net worth of the Company will stand at ~INR 9,041 crore.<\/p>\n\n\n\n<p>Source:<a href=\"https:\/\/www.bseindia.com\/corporates\/anndet_new.aspx?newsid=07f5b028-192f-4b36-b497-ad5715d077c9\" target=\"_blank\" rel=\"noreferrer noopener\"> BSE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Infrastructure Limited (Reliance Infra) announced that Invent Assets Securitisation and Reconstruction Private Limited, a lender to the Company, has novated certain charged securities to recover its dues. As a result, Invent ARC&#8217;s entire fund based outstanding amount has been reduced to Zero. Additionally, Reliance Infra has cleared its funded outstanding dues to Life Insurance&#8230;<\/p>\n","protected":false},"author":1,"featured_media":706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/povindia.com\/index.php?rest_route=\/wp\/v2\/posts\/705"}],"collection":[{"href":"https:\/\/povindia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/povindia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/povindia.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/povindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=705"}],"version-history":[{"count":3,"href":"https:\/\/povindia.com\/index.php?rest_route=\/wp\/v2\/posts\/705\/revisions"}],"predecessor-version":[{"id":709,"href":"https:\/\/povindia.com\/index.php?rest_route=\/wp\/v2\/posts\/705\/revisions\/709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/povindia.com\/index.php?rest_route=\/wp\/v2\/media\/706"}],"wp:attachment":[{"href":"https:\/\/povindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/povindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/povindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}