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Rising Risk For Equity-Backed Bonds Of Anil Ambani Group?
Is the underlying risk for equity-backed bonds of the Anil Ambani Group rising?
02 May 2019, 03:59 PM IST
Troubles for the Reliance Anil Dhirubhai Ambani Group have spread beyond the conglomerate’s beleaguered telecom firm, with rating agencies downgrading two financial services firms run by the group and creditors starting to sell shares of other group companies pledged with them.Last weekend, Care Ratings assigned a ‘D’ or default rating to Reliance Home Finance Ltd. and Reliance Commercial Finance Ltd. citing delays in repayment of ba...
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