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Reliance Capital’s arm signs agreement with IREDA

09 Oct 2017 Evaluate

Reliance Money, a brand by Reliance Commercial Finance (RCFL), a subsidiary of Reliance Capital, has signed an agreement with Indian Renewable Energy Development Agency (IREDA) to receive funding of Rs 300 crore. IREDA is a Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).

This loan assistance offered by IREDA will be utilized by Reliance Commercial Finance for lending to its renewable energy and energy efficiency projects.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.

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