Reliance Industries raises Rs 3,000 crore through debentures

Reliance Is The World’s Costliest Energy Stock To Own

Reliance Industries on Friday stated it has raised Rs 3,000 crore through a privately positioned debenture challenge. The unsecured, non-convertible redeemable debentures provided 8.95 % 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 $30 billion over the previous 5 years throughout power, petrochemicals, retail, and Telecom verticals, didn’t say the place it would use the proceeds of the problem.

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

Disclaimer: “Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.”

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