Reliance raises Rs 3,000 crore through debentures

Reliance Is The World’s Costliest Energy Stock To Own

Reliance raises Rs 3,000 crore through debentures&nbsp | &nbspPhoto Credit:&nbspBCCL

New Delhi: Reliance Industries on Friday mentioned 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 mentioned 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 mentioned. 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 would 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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