The parent Reliance Retail Ventures Ltd (RRVL) converted ₹40,000 crore worth of interest-bearing intercorporate loans to its operating company Reliance Retail Ltd (RRL) to a zero-coupon OFCDs, substantially reducing the latter’s interest outgo.
The parent Reliance Retail Ventures Ltd (RRVL) converted ₹40,000 crore worth of interest-bearing intercorporate loans to its operating company Reliance Retail Ltd (RRL) to a zero-coupon OFCDs, substantially reducing the latter’s interest outgo. by Soban News (international And National News)