News From Press Six Franklin schemes may get ₹3,529 crore more by October

Six Franklin schemes may get ₹3,529 crore more by October

The three defaulters are Reliance Big, Reliance Infrastructure Consulting and Engineers and Essel Infraprojects

Mint Aug 6, 2020

Franklin Templeton India expects its six shuttered debt schemes to receive ₹3,529 crore in bond repayments by the end of October, besides the ₹3,829 crore it has already received, court filings by the asset manager showed. The update on regular bond repayments comes as a relief for investors in these schemes, even though the fund is unable to repay them immediately due to litigation.

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