Reliance Naval and Engineering looks to offer one-time settlement to lenders

Reliance Naval and Engineering Ltd, the defence business of Anil Ambani-led Reliance Group engaged in shipbuilding, is in talks to enter into a one-time settlement (OTS) with its lenders including IDBI Bank, people familiar with the matter told VCCircle.Reliance Naval and Engineering’s outstanding debt of over Rs 6,500 crore has ......