Mumbai, June 30 (TIWN) Housing finance company Reliance Home Finance Ltd on Saturday said the maturity of certain non-convertible debentures (NCD) totalling Rs 400 crore has been extended till October 31.

The instrument has now been extended by four months till October 31, 2019. The company said it has been done to address timing mismatch between receipt of proceeds from an ongoing asset monetisation to meet repayment requirements.   “In view of the continuing severe liquidity crisis in the sector, as now formally recognised even by RBI, the maturity of certain NCDs of Rs 400 crore has been extended till October 31, 2019, with formal written consent from the concerned debenture trustees and NCD holders,” an ADAG spokesperson said in an email.