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RPower in talks with global investors to pare external debt by 79% to INR 300-Cr

Business Line  

The Anil Dhirubhai Ambani Group promoted Reliance Power has initiated talks with a clutch of international investors to reduce its external debt by 79% to INR 300 crore, from INR 1,400 crore. If the deal goes through, the investors will either take over the debt for an equity stake or refinance the debt at a lower rate.