India: Religare holding firm in talks to refinance $300m debt

India: Religare holding firm in talks to refinance $300m debt

Visual from Religare website

RHC Holding Pvt. Ltd (RHPL), the holding company for the Religare and Fortis brands, among others, is in talks to refinance $300 million debt, three people aware of the development said. RHPL is a closely held investment company owned by former Ranbaxy Laboratories promoters Malvinder Mohan Singh and Shivinder Mohan Singh.

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