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RELIGARE FINVEST LENDERS
With Burman's in the driving seat, fresh funds and a new name on cards for ReligareThe Burman family has officially taken over Religare Enterprises Ltd (REL) and plans to infuse ₹2,000 crore by subscribing to preferential ...- Religare Finvest puts an end to legacy issues, completes one-time settlement with lendersSince January 2018, when the new management took over, Religare Finvest has repaid over Rs 9,000 crore to its lenders from its collections ...
- Religare Finvest concludes One-Time Settlement with lenders, resolves all legacy issues"This settlement paves the way for restarting the business of RFL and focusing on building a niche in the MSME lending space. RFL will have...
- Lenders agree to Religare Finvest's settlement planRFL owes more than a dozen lenders led by Bank of Baroda a total of ₹5,344 crore. It has offered to settle these claims with a payment of ₹...
- Religare Enterprises shoots up 10% as lenders to subsidiary to mull loan settlement proposalReligare’s share price shot up to a high of Rs 135.05 as against Rs 122.50 at the previous close on the BSE.On Tuesday, Religare and Religa...
- Religare Finvest offers to pay Rs 2,300 crore to lenders in bid to avert bankruptcyLenders have repeatedly rejected proposals to restructure the distressed finance company's debt and, in February, requested the Reserve Ban...
- Religare Finvest lenders to move RBI for insolvencyUnder the Insolvency and Bankruptcy Code (IBC) framework, only the RBI can refer a finance company for insolvency proceedings. Lenders are ...
- Bankers reject Religare's debt rejig proposalThe plan proposed by Religare Finvest management needed an infusion of Rs 700 crore of fresh loans from lenders over a period of two and a ...
- RBI rejects Religare Finvest's proposal to rename itselfAs per the RBI's regulations, lenders cannot restructure loans of borrowers tagged as fraud, unless there is a change in management. Lender...
- Mumbai-based U GRO Capital likely to buy Religare Finvest for Rs 400 croreThe sale was a part of the company’s debt resolution process. Religare Enterprise was originally promoted by Malvinder and Shivinder Singh ...
- Religare gets interest from some investors for RFL; introduces them to lendersAccording to banking sources, Religare Enterprises introduced a couple of investors for RFL to lenders in a meeting with bankers held recen...
- EOW arrests two officials of Lakshmi Vilas Bank for misappropriation of Religare Finvest FDsThe bank in July 2017 had adjusted a fixed deposit of Rs 791 crore deposited by RFL toward the default on a loan made by RHC Holdings and R...
- Religare in talks to divest majority stake in lending armPeople familiar with the matter said that Religare has been in discussions with a local strategic investor with interest in the BFSI space ...
- Religare Finvest creditors have time till Jan-end to sign pactReligare Finvest owes lenders a total of Rs 5,800 crore in working capital and term loans.
- Religare Finvest: Rare debt recast among India’s shadow banks may see 49% haircutAny debt restructuring at Religare Finvest would be first among peers since the crisis started in 2018.
- Religare to sell its stake in NBFC arm to TCG Advisory for Rs 330 croreThe companies signed a share purchase agreement on Tuesday, it said. The parties had signed a binding term sheet on July 10.
- Religare Enterprises Q1 net loss widens to Rs 17 croreTotal revenues fell to Rs 5.95 crore during the quarter under review as against Rs 18.02 crore in the year ago period, the company said in ...
- Why was tiff with Religare not disclosed: Sebi to LVBThe private lender had claimed adjustment of a fixed deposit of about Rs 800 crore.
- Adjustment of Religare Finvest's over Rs 790 crore deposits legal: Lakshmi Vilas BankThe bank, in its financial statement for 2017-18 had informed about adjustment of third party deposits of over Rs 790 crore.
- RBI pulls up Religare Finvest for Rs 1,156 crore corporate loansRBI pointed out that the NBFC had failed to meet the deadlines for some of those action points while relating to some others its compliance...
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