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  • News From Press ADAG firm Reliance Home Finance misses NCD payment, extends maturity

    ADAG firm Reliance Home Finance misses NCD payment, extends maturity

    Source: The Economic Times Jul 1, 2019


    : Reliance Home FinanceNSE -8.17 %, an Anil Ambani company, has refinanced non-convertible debentures (NCDs) worth Rs 400 crore that had matured on Friday, but said it has paid the interest due on the same.

    The instrument has now been extended by four months till October 31, 2019. The company said it has been done to address timing mismatch between receipt of proceeds from an ongoing asset monetisation to meet repayment requirements.

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