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Reliance Capital raises ~2,000 cr though debentures

To deploy money for refinancing existing debt

Reliance Capital

Abhijit Lele  |  Mumbai 

Reliance Capital (RCap), a unit of the Anil Ambani-led Reliance Group, has raised about ~2,000 crore through non-convertible debentures. The finance company will use the proceeds to refinance debt and grow its lending business.

The debt-to-equity ratio remains at a conservative 1.7, among the lowest in the non-banking finance sector. Sam Ghosh, executive director and group chief executive director, said the finance company would continue to maintain a healthy asset-liability mix, and provide optimally priced funds for high-growth lending businesses. RCap has raised ~3,000 crore till date ...

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First Published: Wed, September 07 2016. 00:16 IST