Religare Finvest to default on Rs 100 crore NCD payment obligation

NBFC firm Religare Finvest Limited (RFL) had borrowed Rs 100 crore from Axis Bank by placing non-convertible debentures (NCDs) on a private placement basis in September 2015. The bonds, bearing a coupon of 10.68 per cent per annum, are set for maturity on April 30, 2021, Religare Enterprises Ltd (REL) said in a regulatory filing.

from Banking/Finance-Industry-Economic Times https://ift.tt/3wUC1ab