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Reliance Capital to raise up to 750M rupees in debenture issue

RelianceCapital Ltd. is issuing nonconvertible debentures to raise 500million Indian rupees, with an option to retain oversubscription up to 250million rupees.

The secured debentures have different maturity dates, withmarket-linked coupons.

As of Oct. 5, US$1 wasequivalent to 66.55 Indian rupees.