New Delhi : Reliance Home Finance has missed a payment towards maturing non-convertible debentures (NCDs) worth Rs 400 crore to Reliance Mutal Fund on June 28, and on June 29, the NCD was extended by four months till October 31.On June 28, a few schemes of Reliance Mutual Fund had maturities out of the investments in the NCD of Reliance Home Finance (RHF) to the tune of Rs 400 crore.“RHF has paid interest that was due, and the maturity of the said instrument has been extended to October 31, 2019, with additional cover and coupon,” the press release from Reliance Mutual Fund said. Four schemes of Reliance Mutual Fund–Reliance Ultra Short Duration Fund, Reliance Credit Risk Fund Reliance Strategic Debt Fund–had investment in NCDs of Reliance Home Finance.
