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

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

Friday, April 7, 2017, 3:46 PM

Reliance Capital has increased the limit on issuance of Non-Convertible Debentures (NCDs) to raise funds by Rs 3,000 crore. 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.
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