Reliance Capital cuts its CP dues to nil, settles Rs 75 cr

Mumbai, July 25 (IANS) The Anil Ambani-led Reliance Capital Ltd on Thursday said it has fully repaid its outstanding commercial paper (CP) of Rs 75 crore and cut its CP dues to zero.

In a statement, the company said it has repaid the CP outstanding of Rs 75 crore on Wednesday.

"With the above repayment, the CP outstanding stands at zero from the peak outstanding amount of approximately Rs 3,500 crore," the statement said.

The CPs were rated 'A4' by ICRA and the same have been repaid in full on the due dates.

--IANS

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