Reliance Capital raises NCD issuance limit by Rs 3,000 cr

Reliance Capital raises NCD issuance limit by Rs 3,000 cr

07/04/2017 14:38

Reliance Capital has increased the limit on issuance of non-convertible debentures (NCDs) to raise funds by Rs 3,000 crore.

The board of directors today decided to hike the limit for NCD issues on private placement basis by an amount of Rs 3,000 crore, Reliance Capital said in a regulatory filing.

With this, the overall borrowing limits under NCDs stands increased to up to Rs 18,000 crore, sources said.

The company said it can raise the increased sum of Rs 3,000 crore in one or more tranches from time to time.

Meanwhile, shares of the company were trading at Rs 613.5 apiece, down 1.10 per cent from the previous close at 14:45 hours on BSE.

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