Reliance MF writes down debt exposure to 2 other ADAG firms

The company said it has exposure of Rs 535 crore and Rs 1,083 crore to long-term non-convertible debentures (NCDs) issued by RCFL and RHFL, respectively, and these were held in around 10 per cent of RMF’s total 166 fixed income and hybrid schemes.

from Markets-Economic Times http://bit.ly/2UH2eop