Reliance Capital believes that the order by Irdai will protect the interest of all lenders and debenture holders of the company.
The regulator also said its prior approval was not taken for the transfer. The Irdai added that the unauthorised transfer also violates FDI regulations
The demand for immediate payments for the facilities availed by the firm from various lenders
Shares of Reliance Capital Ltd ended 0.61 per cent higher at Rs 16.40 on the NSE
With this, the pension fund is no longer available for subscription under NPS, said the Pension Fund Regulatory and Development Authority of India
The payments were due on Wednesday and Thursday, the company said in regulatory filing.
Anil Ambani group shareholders concerned over significant stock price erosion
Reliance Equity Hybrid Fund's exposure to RCap's NCDs stood at Rs 34.6 crore (at face value), while Reliance Equity Savings Fund's exposure to the NCDs stood at Rs 95.7 crore
The stock tanked 7.50 per cent to close at Rs 29 on the BSE. During the day, it cracked 11.32 per cent to Rs 27.80 -- its 52-week low
The default rating is set to exacerbate a yearlong credit crunch among India's shadow lenders, which started with the collapse of IL&FS Group last year
From economists cutting their projection of the GDP expansion for 2019-20 to the govt considering more sops and benefits to push electric mobility, here are the top business headlines for Wednesday
The sale of the fully-owned insurance unit is crucial for Anil Ambani
Reliance Capital, which is one of the promoters of the Reliance Nippon Asset Management, has an option to sell an additional a little over 1.93 crore shares
"Delay in addressing concerns of FPIs regarding taxation and slowdown in the economy is seeing foreign selling continue with over $2.5 bn being the collateral damage since Budget," IIFL Securities.
Total assets of Reliance Capital stood at Rs 79,207 crore as on June 30, 2019 as against Rs 83,973 crore a year ago
The company has already exited its mutual fund business, selling it to Nippon
After the expiry of existing contracts in September, no further derivative contracts will be issued for these two securities
The dip started after rating agency CARE Ratings (CARE) reaffirmed its rating at 'BBB' and revised rating outlook to 'credit watch with negative implications'
Reliance Capital expects to reduce its debt by at least Rs 12,000 crore
Reliance Capital says auditor's observations are completely baseless and unjustified