Reliance Home Finance to garner money via NCDs
Reliance Home Finance, part of Reliance Capital, plans to raise up to Rs 3,500 crore through non-convertible debentures (NCDs). The company plans a public issue of secured redeemable NCDs aggregating up to Rs 3,000 crore and unsecured NCDs worth Rs 500 crore totalling up to Rs 3,500 crore, draft papers filed with markets regulator Sebi showed. "The NCDs will be issued in one or more tranches subject to the shelf limit," it added. Reliance Home Finance, a 100 per cent subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, loan against property and construction finance.
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