Research & Analysis


Mumbai (GPN)  : (from left) Juergen Hase, CEO of Unlimit, Alok Srivastava, President of Group IT & Innovation, Reliance Group and Bernd Gross, CEO of Cumulocity during the launch of 'Enablement', IoT (Internet of Things) application platform by Reliance Group’s Unlimit in partnership with Cumulocity in Mumbai on Thursday. 06.04.2017 at the ITC Grand Central,Parel, Mumbai - Photo By Sachin Murdeshwar GPN NETWORK.

RELIANCE GROUP’s UNLIMIT LAUNCHES ‘ENABLEMENT’-A SUITE OF NEW PRODUCTS AND SERVICES TO DELIVER IOT SOLUTIONS AND SERVICES IN INDIA

•UNLIMIT FORGES STRATEGIC PARTNERSHIP WITH CUMULOCITY FOR ROLLOUT OF ‘ENABLEMENT’ •‘ENABLEMENT’ MAKES IT SIMPLE FOR ENTERPRISES TO DELIVER CONNECTED SERVICES THROUGHOUT INDIA •‘ENABLEMENT’ SUITE OF CUSTOMIZED PRODUCTS CATERS TO VERTICALS SUCH AS INDUSTRIAL AUTOMATION, HEALTHCARE, FINANCIAL…











(L-R)- Mr. Ajay Manglunia, Edelwesiss Financial Services Limited, Mr. Sandip Prarik, CFO , RHFL, Mr. Ravindra Sudhalkar, CEO RHFL and Ms. Nipa Sheth , Trust Investment Advisor Private Limited.

RELIANCE HOME FINANCE LIMITED ANNOUNCES PUBLIC ISSUE OF SECURED AND UNSECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES

RELIANCE HOME FINANCE LIMITED TO RAISE RS 1,000CRORE (US$ 14.7 MILLION) AS BASE ISSUE SIZE, WITHAN OPTION TO RETAIN OVERSUBSCRIPTION   S ECURED NCDs RATED CARE AA+:STABLE AND BWRAA+:OUTLOOK STABLE UNSECURED NCDs RATED CAREAA:STABLE AND BWR AA:OUTLOOK STABLE SECURED NCDs OFFERED FOR A TENURE OF 3,5 AND 10 YEARS AT COUPON RATE VARYINGFROM 8.7% TO 9.15 % UNSECURED NCDs OFFERED FOR A TENURE OF15 YEARS WITH A CALL OPTION AFTER 10YEARS AT COUPON RATES VARYING FROM 9.25% TO 9.4% NCDs TO BE LISTED ON BOTH NSE AND  BSE ISSUE OPENS ON THURSDAY, DECEMBER  22, 2016   Mumbai, December 22, 2016 (GPN) : Reliance Home FinanceLtd. (RHFL), a 100 per cent subsidiary of RelianceCapital and a part of Anil D. Ambani led Reliance Group,today announced its maiden public issue offeringSecured Redeemable Non-Convertible Debentures(Secured NCDs) and Unsecured Redeemable Non-Convertible Debentures (Unsecured NCDs).   The Company proposes to raise Rs 1,000 crore(US$14.7 million), as base issue size, by offeringSecured NCDs and Unsecured NCDs at a face value ofRs 1,000 each. The Unsecured NCDs will be in thenature of subordinated debt and will be eligible forinclusion as Upper Tier II Capital.   The NCDs will be issued in one or more tranches up tothe shelf limit, on terms and conditions as set out in theTranche 1 Prospectus.   The Company will use the amount for the purpose ofonward lending, financing, and for repayment/prepayment of interest and principal of existingborrowings and for general corporate purposes.   “India’s mortgage-to-GDP ratio is still low at 10% in 2015-16 compared with other developing countries but it hasimproved from 7.4% in 2009-10. The recent push by thegovernment to provide ‘Housing for All’ by 2022 andvarious steps taken to implement the same, areexpected to boost sales of affordable and low-costhousing units and consequently, financing for thesame”, said Mr Ravindra Sudhalkar, CEO, Reliance HomeFinance.   The Secured NCDs have been rated CARE AA+: Stableby Credit Analysis and Research Limited (CARE) andBWR AA+ Outlook: Stable by Brickwork Ratings IndiaPrivate Limited (Brickwork). These ratings indicate thatthe instruments are considered to have high degree ofsafety regarding timely servicing of financialobligations and carry very low credit risk**. The Unsecured NCDs have been rated CARE AA:Stableby CARE and BWR AA Outlook: Stable by Brickwork. Theratings indicate that instruments are considered to havehigh degree of safety regarding timely servicing offinancial obligations and carry very low credit risk**.   The NCDs are being issued to Institutional, Non-Institutional, HNIs and Retail…









Hon’ble Chief Minister of Gujarat addressing industrialists and business leaders in Mumbai and inviting them to take part in event and investing in Gujarat at the Vibrant Gujarat Global Summit (VGGS)2017 on November  22 at the Hotel Trident Nariman Point ,Mumbai -PHOTO BY Sachin Murdeshwar GPN Network

Hon’ble CM of Gujarat addresses industrialists and business leaders at Vibrant Gujarat Global Summit (VGGS) ‘2017 in Mumbai

Key Highlights: Singapore latest addition to the Vibrant Gujarat Global Summit 2017 as ‘partner country’. 11 countries including USA are partner countries to VGGS 2017 Mr Vijay Rupani, Hon’ble Chief Minister of Gujarat,  announced the…