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Reliance Capital to issue 30B rupees of nonconvertible debentures

Reliance Capital Ltd. plans to issue up to 30 billion Indian rupees of nonconvertible debentures on a private placement basis.

The debentures will be issued in one or more tranches from time to time and may carry maturity dates of up to 10 years, depending on each tranche.

The coupon rate for the debentures will be decided for each tranche.

As of April 6, US$1 was equivalent to 64.61 Indian rupees.