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 Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/religare-finvest-to-default-on-rs-100-crore-ncd-payment-obligation/articleshow/82078174.cms