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Last Updated : Mar 29, 2017 04:18 PM IST | Source: CNBC-TV18

Reliance Defence to exit CDR by March 31: Sources

Anil Ambani led Reliance Infrastructure has increased its shareholding in Reliance Defence to nearly 31 percent.


Reliance Defence is going to exit the corporate debt restrucutring package by March 31, according to sources privy to the information. It had received an RBI approval in July last year.

Anil Ambani led Reliance Infrastructure has increased its shareholding in Reliance Defence to nearly 31 percent.

Reliance Defence's current debt is apprpoximately at Rs 6,800 crore and will have an extended maturity of 18 years.

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Reliance Defence's current order book stands at over Rs 5,300 crore.

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First Published on Mar 29, 2017 04:18 pm
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