Reliance Home Finance, Anil Ambani Group company has said that its maiden debenture issue worth up to Rs 3,500 crore will open on December 22.

The public issue will be opening on December 22 and close on January 6. The money raised will be utilised to lend, finance, repay of loans and general corporate purposes.

The company is aiming to raise Rs 1,000 crore as base issue size through offering secured and unsecured NCDs at a face value of Rs 1,000 each with an option to retain over-subscription.

It aims to raise about Rs 3,500 crore through secured and unsecured non-convertible debentures (NCDs).

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