Reliance Power defaults on payment of Rs 300 cr principal, interest
NEW DELHI: Reliance Power NSE -1.47 % on Monday said it has defaulted on payment of principal and interest totalling to Rs 300.22 crore.
The company defaulted on payment of Rs 300.22 crore, including interest amount of Rs 2.22 crore on July 31, 2020, it said in a BSE filing.
The default was on loans taken from Axis Bank NSE -2.67 %, Yes Bank NSE -1.39 %, IDBI Bank NSE -1.27 % and Lakshmi Vilas Bank NSE -1.04 %, it added.
