Worst is behind, likely to complete RFL debt restructuring by December: Religare Enterprises chairperson

RFL, a NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business as it is under corrective action plan (CAP) of the Reserve Bank of India (RBI) since January 2018 due to its weak financial health. The company has been in financial distress, primarily due to alleged misappropriation of funds by erstwhile promoters Shivinder Singh and his brother Malvinder Singh.





Read Full Article on ET

Enter your email address:

Tags:

We will be happy to hear your thoughts

      Leave a reply

      IndiaClicking - Buzzing News & Stocks