Business

RCap reduces outstanding CPs to ₹75 cr.

Reliance Capital on Friday said it had reduced its outstanding commercial papers (CPs) to ₹75 crore from ₹950 crore earlier as it redeemed ₹875 crore of CPs in the last two months.

“ICRA had revised the ratings on our short-term debt programme (CPs) of ₹950 crore to A4 on April 26, 2019.

The company has redeemed CPs of ₹875 crore on the respective due dates in the past 2 months, and the outstanding CP is now ₹75 crore, which will also duly be redeemed on its maturity date i.e. July 24, 2019,” the non-banking finance company informed the exchanges.

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Printable version | Feb 24, 2020 12:15:31 AM | https://www.thehindu.com/business/rcap-reduces-outstanding-cps-to-75-cr/article28103097.ece

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