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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