Some of the key lenders include Templeton MF, DHFL Pramerica MF, Indiabulls MF, IndusInd Bank and Yes Bank. Officials said the agreement has been reached with more than 90% lenders of Reliance Group at the promoter group level. Reliance Group will pay the principal and interest to the lenders as per the scheduled due dates specified in the loan agreements. Reliance Infrastructure Ltd holds 40% equity in Reliance Power, and even after placement of its holding by the promoters, majority stake and control remains with the Reliance Group, the bankers said. Reliance Group companies have sued HT Media Ltd, Mint’s publisher, and nine others in Bombay High Court over a 2 October 2014 front-page story that they have disputed.

Source: Mint February 17, 2019 13:07 UTC