Reliance Industries raises INR 3,000 cr via privately placed debentures

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Reliance Is The World’s Costliest Energy Stock To Own

Reliance Industries Friday stated it has raised Rs 3,000 crore by way of a privately placed debenture concern.

The unsecured, non-convertible redeemable debentures provided 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 is going to 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.

(With inputs from Companies.)

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