Reliance Group has serviced debt payment of over Rs 35,000 cr in 14 months: Anil Ambani

Reliance Group Chairman Anil Ambani on Tuesday emphatically said the group is servicing its debt payments and will continue to reduce its arrears.

In a suddenly announced conference call, Ambani said “unwarranted” rumours and “bear hammering” have damaged the value of the group’s stocks.

These observations come in the backdrop of ratings agencies such as CARE and Brickwork Ratings downgrading almost all of the companies of group.

Industry watchers estimate that the overall debt position of Reliance Group companies — including Reliance Communicaitons — is around ₹1 lakh-crore.