India’s Reliance Home Finance to issue Rs. 50 million more debentures

By Wendy Van Sickle

Columbus, Ohio, July 1 – Reliance Home Finance Ltd. will issue an additional Rs. 50 million of rated, listed, secured, redeemable, principal-protected, nonconvertible, market-linked debentures, according to a notice with the Bombay Stock Exchange.

The 100 debentures with a face value of Rs. 500,000 each will be issued on a private placement basis.

The company has an oversubscription option up to Rs. 100 million.

The lender is based in Mumbai.

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