INSUBCONTINENT EXCLUSIVE:
totalling Rs 400 crore has been extended till October 31.In a statement issued here, the company said the extension of the maturity date has
been done with the formal written consent of the concerned Debenture Trustees and NCD holders.According to the company, extension of
maturities by mutual consent is a recognised global practice to deal with severe dislocations in capital markets, and does not in any sense
constitute a default."The extension of maturity has been made purely to address timing mismatches in receipt of proceeds from the ongoing
monetisation of retail asset pools of the company," it said.Reliance Home Finance has already monetised over Rs 5,000 crore of retail
assets, and will continue to do so to meet its debt servicing obligations."The housing finance sector is dealing with an extraordinary
situation where all categories of lenders in the country have completely frozen new lending to private sector companies for nine long
months, leading to a severe adverse impact on economic growth and a potential systemic threat to the stability of the Indian financial
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