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Reliance Home Fin extends maturities on NCDs

Reliance Home Finance Limited (RHFL) stated that, taking into consideration the ongoing severe liquidity crunch in the sector, the maturity of certain Non Convertible Debentures (NCDs) of Rs.400.00-Crore has been extended until 31-October, 2019, with the formal written approval of the concerned Debenture Trustees & NCD holders.

Reliance Home Finance has already monetized more than Rs 5000-Crores of retail assets and will go on to do so to meet its debt servicing obligations.

On Friday, Reliance Home Finance stock closed at Rs11.80 per share, down 8.17% orRs.1.05, from its previous closing price of Rs12.85 on the NSE.