The board of Reliance Home Finance on Tuesday approved the issuance of non-convertible debentures worth up to ₹2,000 crore. The board also approved the issuance of up to 7.5 crore warrants, with a right exercisable by the holder to exchange each warrant with one share of the company through qualified institutional placement. Shares of Reliance Home Finance jumped 5.85 per cent at ₹86.80 on the NSE.

Havells India on Tuesday informed the exchanges of its plans to set up a new facility to manufacture consumer durables, such as air-conditioners, refrigerators, TVs, and washing machines among others, in Ghiloth/Neemrana in Rajasthan. The decision is subject to approval of the board or its committee, and the details would accordingly be sent to the stock exchanges, it said. Shares of Havells India gained 1.4 per cent at ₹546.30 on the NSE.

Rain CII Carbon LLC has conditionally called for full redemption of its outstanding dollar- and euro-denominated bonds, due in 2021, Rain Industries on Tuesday informed the exchanges. Rain CII Carbon LLC is a wholly-owned subsidiary of Rain Carbon, which in turn is a wholly-owned subsidiary of Rain Industries. To fund the redemption of its subsidiary’s notes, Rain Carbon will raise $150 million through a revolving credit facility and 390 million euros under the term loan B facility. The parent company said the applicable redemption premiums of approximately $10 million on the arm’s notes will be recognised as expenditure during the current quarter and will have an impact on the company’s balance sheet. Shares of Rain Industries ended 0.1 per cent lower at ₹369.30 on the NSE.

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