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14-Feb2019

Reliance Capital to raise Rs 1,750 crore via NCDs

Reliance Capital has received approval for the proposal of raising of resources amounting upto Rs 1,750 crore by way of a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of face value Rs 1,000 each including the green shoe option, in one or more tranches. The Board of Directors of the Company at its meeting held on February 13, 2019 has approved the same.

Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.


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