Reliance Industries has informed that shareholders of the Company, at the Annual General Meeting held on July 5, 2018, accorded approval for issuance of Non-convertible Debentures (NCDs) on private placement basis upto Rs 20,000 crore, in one or more tranches. Pursuant to aforesaid approval of the shareholders after receiving approval of the Board of Directors at its meeting convened on Friday, July 27, 2018. The NCDs will be issued and allotted in one or more tranches, depending upon market conditions. Net proceeds of the issue will be utilised for refinancing of existing borrowings and for any other purpose in the ordinary course of business. Appropriate disclosures regarding proposed issue and allotment of NCDs shall be made from time to time as required under SEBI LODR Regulations and other applicable law.
The above information is a part of company’s filings submitted to BSE.
