NEW DELHI, Nov 15: Religare Enterprises Ltd today said its subsidiary will write-off a total of Rs 793.67 crore on account of non-receipt of dues.
“The board of directors of Religare Finvest Ltd (RFL), a material subsidiary company…Has considered and approved one-time write-off of entire amount of Rs 519.92 crore in the profit and loss account pursuant to non-receipt of dues towards assignment of certain loan accounts by RFL,” Religare Enterprises said in a BSE filing.
It further said: “In addition to the above, the board of directors of RFL have further approved write-off of an entire amount of Rs 273.75 crore standing overdue in other accounts related to the same transaction.”
(PTI)
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