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Reliance Financial to raise up to Rs 600 cr via debentures

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Press Trust of India New Delhi
Reliance Financial today said it will raise up to Rs 600 crore through issuance of debentures on a private placement basis.

The decision was taken at the Extra-ordinary General Meeting yesterday, the company said in a regulatory filing.

"...The meeting has authorised the Board of Directors of the company to issue secured redeemable non-convertible debentures including market-linked debentures up to an amount of Rs 600 crore on a private placement basis," it added.

The company did not elaborate on the usage of proceeds.

Reliance Financial is a part of Reliance Capital group.

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First Published: Apr 14 2016 | 8:57 PM IST

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