The subsidiary of Anil Ambani-controlled Reliance Capital defaulted on the loan on February 15, 2021 and the current amount of default is ₹ 40 lakh with ₹ 40 lakh.
RHFL said in a regulatory filing that the company's total liability is secured 200 crores on secured loans of 9.25% per annum from Punjab and Sindh Bank.
The company has cash of more than ₹ 1,500 crore.
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