Reliance Financial to Raise Up To Rs. 600 Crore Via DebenturesReliance Financial

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New Delhi: Reliance Financial on Thursday said it will raise up to Rs. 600 crore through issuance of debentures on a private placement basis.

The decision was taken at the Extra-ordinary General Meeting yesterday, the company said in a regulatory filing.

“…the meeting has authorised the Board of Directors of the company to issue secured redeemable non-convertible debentures including market-linked debentures up to an amount of Rs. 600 crore on a private placement basis,” it added.

The company did not elaborate on the usage of proceeds.

Reliance Financial is a part of Reliance Capital group.

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