Reliance Industries collects Rs 3,000 cr through debentures

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Reliance Is The World’s Costliest Energy Stock To Own

The unsecured, non-convertible redeemable debentures supplied 8.95 per cent return with a 10-year maturity

 PTI        Last Updated: November 9, 2018  | 14:36 IST

Reliance Industries Friday stated it has raised Rs 3,000 crore through a privately positioned debenture concern.

The unsecured, non-convertible redeemable debentures supplied 8.95 per cent return with a 10-year maturity, the corporate stated in a regulatory submitting.

The notes “shall be redeemed at par at the end of 10 years from the date of allotment; November 9, 2028,” it stated.

RIL, which has invested greater than USD 30 billion over the previous 5 years throughout power, petrochemicals, retail, and Telecom verticals, didn’t say the place it can use the proceeds of the difficulty.

Last month, it introduced the acquisition of controlling stake in cable television and broadband service suppliers, Hathway Cable & Datacom, and DEN Networks

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