{"id":278190,"date":"2019-06-12T06:07:08","date_gmt":"2019-06-12T06:07:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278190"},"modified":"2019-06-12T06:17:46","modified_gmt":"2019-06-12T06:17:46","slug":"were-servicing-our-debt-trimming-arrears-anil-ambani","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/were-servicing-our-debt-trimming-arrears-anil-ambani\/","title":{"rendered":"We\u2019re servicing our debt, trimming arrears: Anil Ambani"},"content":{"rendered":"<p>Reliance Group Chairman Anil Ambani on Tuesday emphatically said the group is servicing its debt payments and will continue to reduce its arrears.<\/p>\n<p>In a hurriedly organised conference call, Ambani said \u201cunwarranted\u201d rumours and \u201cbear hammering\u201d have damaged the value of the group\u2019s stocks.<\/p>\n<p>These observations come in the backdrop of ratings agencies such as CARE and Brickwork Ratings downgrading almost all the companies of the group.<\/p>\n<p>Industry watchers estimate that the overall debt position of Reliance Group companies \u2014 including Reliance Communicaitons \u2014 is around Rs. 1 lakh-crore.<\/p>\n<p>Reassuring investors, Ambani said the group has serviced debt payments of over Rs. 35,000 crore in the last 14 months. This included principal payments of Rs. 25,000 crore and interest payments of Rs. 11,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 hurriedly organised conference call, Ambani said \u201cunwarranted\u201d rumours and \u201cbear hammering\u201d have damaged the value of the group\u2019s stocks. These observations come in the backdrop of ratings agencies such as CARE and Brickwork Ratings downgrading almost all the companies of the group. Industry watchers estimate that the overall debt position of Reliance Group companies \u2014 including Reliance Communicaitons \u2014 is around Rs. 1 lakh-crore. Reassuring investors, Ambani said the group has serviced debt payments of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-278190","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=278190"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278190\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}