 "Reliance MF extends repayment date on Reliance Home's bonds for 4 months")
Reliance Nippon Life Asset Management Company (RNAM) has granted additional time to Reliance Home Finance (RHFL) to fulfill its principal payment obligations, after the latter was only able to make the interest payment on Friday. Some of the company’s non-convertible debentures (NCDs) were maturing on the day.
The move follows Ajay Tyagi, chairman of the Securities and Exchange Board of India (Sebi), taking an adverse view of ‘standstill’ agreements between promoters and mutual funds (MFs), during its recent board meeting.
People in the know said the regulator was likely to probe whether the best interests of unitholders were kept in
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