Reliance home finance extends 400 crNCD maturity
Housing finance company Reliance Home Finance Ltd on saturday said the maturity of certain non-convertible debentures (NCD) totalling Rs 400 crore has been extended till October 31. In a statement issued here, the company said the extension of the maturity date has been done with the formal written consent of the concerned Debenture Trustees and NCD holders. According to the company, extension of maturities by mutual consent is a recognised global practice to deal with severe dislocations in capital markets, and does not in any sense constitute a default.
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