"The company will open the issue of secured-rated, listed redeemable non-convertible debentures (NCDs) of Rs 10 lakh each for cash at par up to Rs 100 crore on private placement basis of Religare Finvest on January 22, 2015," RFL said in a filing to BSE.
Also, the Loan/Investment and Borrowing Committee of the company will consider proposals including buy-back of 4,000 publically placed NCDs of Rs 1,000 each that were issued on September 2011.
RFL, a subsidiary of REL, is a Small and Medium Enterprise (SME) financing focused Non-Banking Financial Company (NBFC). It also provides loan against marketable securities.
The REL scrip closed 2.1 per cent higher at Rs 350 on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%