Reliance Home Finance, a part of Reliance Capital, on Friday said that the company will raise Rs 8 Crore by issuing non-convertible market linked debentures through private placement.
"The company is in process to issue further 160 rated, listed, secured, redeemable, principal protected non-convertible market linked debentures of Rs 5 lakh each aggregating to Rs 8 crore issued on private placement basis which the company intend to list on BSE," Reliance Home Finance said in a filing to Bombay Stock Exchange.
A part of ADAG group, Reliance Home Finance is a subsidiary of Reliance Capital, one of India's leading and amongst most valuable financial services companies in the private sector.
Reliance Capital has a net worth of Rs. 12,904 crore (US$ 2.1 billion) and total assets of Rs. 44,594 crore (US$ 7.2 billion) as on September 30, 2014.