Anil Ambani-led Reliance Capital repays Rs 650 crore NCDs

Anil Ambani-led Reliance Capital has said it has repaid Rs 650 crore of non-convertible debenture that was due Friday. The disclosure comes at a time when Reliance Group companies and some others, are facing liquidity troubles.

At least two entities in the group, Reliance Commercial Finance and Reliance Home Finance, have witnessed rating downgrades on their borrowings earlier this month, which led to the Reliance Capital stock coming under pressure.

Reliance Capital in a brief note said, "Reliance Capital repays Rs 650 crore of NCDs that were due today (Friday)."