New Delhi: Reliance Group Chairman Anil Ambani on Tuesday said that the Group has cleared debt amounting to a staggering Rs 35,000 crore in the last 14 months. "The Reliance Group has made aggregate debt servicing payments of over Rs. 35,000 crore in the 14 month period from April 1, 2018 till May 31, 2019.
These comprise principal repayments of Rs. 24,800 crore and interest payments of Rs. 10,600 crore," a release quoting Ambani said. He said this amount included inter alia debt servicing payments by Reliance Capital Group, Reliance Power group and Reliance Infra Group, and their respective affiliates. He said these payments have been made in the face of "insurmountable odds and the most challenging financial environment witnessed in the country in decades".
He pointed out that during this entire period, lenders from all categories - whether banks, mutual funds, insurance companies, provident funds or NBFCs (non-banking financial companies) - have provided "ZERO net additional liquidity or debt to any entity of the Reliance Group".
