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Reliance Capital issues nonconvertible debentures

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Reliance Capital issues nonconvertible debentures

Reliance Capital Ltd. issued nonconvertible debentures, seeking to raise 250 million Indian rupees.

The company said Jan. 27 that it issued debentures in three tranches to raise 250 million rupees with an oversubscription offer of up to 100 million rupees.

The first tranche matures May 27, 2020, while the second and third tranches mature April 29, 2019, and Jan. 27, 2027, respectively.

As of Jan. 27, US$1 was equivalent to 68.05 Indian rupees.