Rabo India Finance converts into a public ltd co

MUMBAI: Rabo India Finance Private Limited has become a public limited company with immediate effect following receipt of regulatory approvals from the Registrar of Companies.

The new entity will henceforth be known as Rabo India Finance Limited (RIF), a company release said here today.

"This conversion from private to public offers a wider investor base for our debt securities," said RIF's Managing Director and CEO, Sanjiv Bhasin.

RIF will, however, continue to remain a wholly-owned subsidiary of Dutch financial powerhouse, Rabobank International.

The conversion into a public entity will enable RIF to list its debt securities (non-convertible debentures) on the wholesale debt market for wider acceptability. "Furthermore, it will make it feasible for banks and mutual funds to subscribe to RIF's non-convertible debentures," Bhasin said.

The move is also a step to better corporate governance and affords greater transparency, he said, adding "additionally, this conversion also positions us better to take our business growth to a higher level."

RIF currently provides sector-specific knowledge-based customised solutions in its core competencies of food and agri-business, telecom, media and IT, life-sciences, corporate finance, renewable energy and carbon credits.