Anil Ambani's Reliance Home Finance defaulted on loan repayment of Rs 40 crore in February: Regulatory filing
Of the loan default dated 8 February, 2020, the disclosure of which was made on 10 March to the exchanges, Rs 40 crore is towards principal and Rs 0.08 crore as interest to its lender Punjab and Sind Bank.
Anil Ambani inducts sons Anmol, Anshul on Reliance Infra board as directors; retd Lt Gen Syed Alta Hasnain too joins board
A company spokesman attributed the induction of the junior Ambanis to respect the wishes of the shareholders who during the recent AGM asked the management to get fresh blood into the company by bringing them on board.
In a first, RCom AGM to be chaired by resolution professional today; firms in diversified group to hold their AGMs
RCom itself sought bankruptcy early February after its efforts to sell spectrum to Reliance Jio failed due to regulatory delays
Shares of Reliance Capital and Reliance Home Finance fell for a third consecutive day on Friday, with the former plunging up to 9.3 percent after PwC resigned as the statutory auditor of both companies
SEBI, MCA probe PWC's resignation as auditor of RCap, Reliance Home Finance; ask stock exchanges to collect necessary information
The development assumes significance in the wake of the auditors' role coming under the scanner of multiple agencies in cases involving various corporate houses, including listed companies.
Shares of Reliance Capital and Reliance Home Finance on Wednesday tumbled up to 7 percent after Price Waterhouse & Co Chartered Accountants (PWC) resigned as statutory auditor of both the companies
Anil Ambani-led Reliance Capital and Reliance Home Finance on Wednesday said Price Waterhouse & Co Chartered Accountants (PWC) has resigned as statutory auditor of both the companies
ICRA downgrades ratings, outlook on Yes Bank citing spike in lower-rated advances, falling core capital buffers
Yes Bank had reported its maiden loss of over Rs 1,506 crore in the March quarter, driven by a near ten-fold spike in provisions.
Reliance Group stocks under pressure; slip up to 4.3% on Supreme Court order against Anil Ambani in Ericsson case
Shares of Reliance Group companies on Wednesday closed 4.3 percent lower after the Supreme Court held chairman Anil Ambani and two other senior officials guilty of contempt of court.
Anil Ambani-led Reliance Group stocks under pressure; tank up to 10.3% on Supreme Court contempt ruling
Shares of Reliance Group companies tumbled up to 10.3 percent on Wednesday after the Supreme Court held RCom chairman Anil Ambani guilty of contempt of court for wilfully violating its order and not paying Rs 550 crore dues to telecom equipment maker Ericsson
Investors continue to dump NBFC, housing finance stocks tank up to 9% on persistent worries over liquidity constraints
Liquidity concerns in the NBFC space have hit investor sentiment of late, with shares of many of these companies tumbling sharply.
Shares of housing finance and NBFC companies had dropped as much as 23.5 percent on Tuesday, led by DHFL, on fears of a liquidity crisis. These stocks fell in Monday's trading session as well.
Anmol Ambani, 26, the eldest son of Reliance Group Chairman Anil Dhirubhai Ambani, is currently Executive Director of Reliance Capital, the holding company of the Group's financial services businesses
Reliance Home Finance has assets under management (including securitised portfolio) of Rs 13,022 crore ($2 billion) as of June 30, 2017.
Reliance Capital will hold a 51 per cent stake in Reliance Home, and the company will be adequately capitalised to grow the lending book multifold in the next 18 months