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Reliance Communications, BPCL to raise funds from overseas markets

18 Apr 2015 Evaluate

Reliance Communications, Anil Ambani-owned wireless telephony operator and BPCL, energy firm, are planning to raise funds from overseas markets this month to fund their capital expenditure in India.

Reliance Communications is planning a $500 million issue which would be marketed from Monday, while BPCL is targeting to raise a similar amount for the expansion of its Kochi refinery.

For Reliance Communication, it will be second time is testing the investors’ appetite for its paper. Earlier, in December 2014, its $255 million was deferred for lack of investors’ appetite.

Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.

Reliance Comm Share Price

1.05 0.01 (0.96%)
17-Apr-2026 16:59 View Price Chart
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