MoneyWorks4Me

Reliance Jio raises Rs 3,500 crore via NCDs

30 Sep 2015 Evaluate

Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries (RIL), has raised Rs 3,500 crore by issuing non-convertible debentures (NCDs) through private placement. The redemption date for 5-year debentures is January 21, 2020 and for 10-year debentures is January 21, 2025.

RJIL is the first telecom operator to hold pan India Unified License. This license authorises RJIL to provide all telecommunication services except Global Mobile Personal Communication by Satellite Service.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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