Reliance Home Finance has sought permission from banks to repay Rs 91.78 crore to its retail bondholders due next month. The company owes Rs 91.78 crore, includes both principal and the interest, to 19,964 retail bondholders but is unable to pay because of a restraint placed by the lenders as it is undergoing is a bank-led resolution process. The instruments are maturing on January 3 and 15.
Reliance Home Finance is engaged in providing housing finance. It provides housing loans, home improvement loan, home extension loan and reliance property solutions. It offers home loans to individuals and companies. It operates as a subsidiary of Reliance Capital.
