Reliance Power, its subsidiary to raise debt of up to Rs 1,200 crore from Varde Partners

In a regulatory filing, Reliance Power said the company and its subsidiary have entered into a indicative Memorandum of Understanding (MoU) with Varde Partners for availing debt of up to Rs 1,200 crore (USD 150 million) "for settlement and discharge and/or acquisition and restructuring of certain financial debt availed by Reliance Power."

from Moneycontrol Business News https://ift.tt/zVvmGOb