 "Religare")
Religare Enterprises Ltd (REL) on Wednesday said lenders to Religare Finvest Limited (RFL) have agreed to consider a One-Time Settlement (OTS) offer proposed by its debt-ridden subsidiary.
Religare has resolved many legacy issues left over by its erstwhile promoters, including settlement with SEBI and becoming debt free, the non-banking financial company (NBFC) said in a statement.
RFL has received a communication dated May 31, 2022 from its lead lender informing that in a meeting held on May 20, 2022, lenders have in principle agreed to consider the OTS proposal of RFL and to put up the same to their respective authorities, REL
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