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Reliance Naval and Engineering looks to offer one-time settlement to lenders

By Shailaja Sharma

  • 27 Apr 2018
Premium
Reliance Naval and Engineering looks to offer one-time settlement to lenders
Credit: Reuters

Reliance Naval and Engineering Ltd, the defence business of Anil Ambani-led Reliance Group engaged in shipbuilding, is in talks to enter into a one-time settlement (OTS) with its lenders including IDBI Bank, people familiar with the matter told VCCircle.Reliance Naval and Engineering’s outstanding debt of over Rs 6,500 crore has ......

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