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Reliance Industries planning to raise funds via NCDs

31 Mar 2020 Evaluate

Reliance Industries is planning to raise funds by way of issuance of listed, secured / unsecured, redeemable non-convertible debentures (NCDs) on private placement basis, in one or more tranches/ series. A meeting of the Board of Directors of the company is scheduled to be held on April 2, 2020 to consider and approve the same.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1174.35
Indian Oil Corpn. 126.55
Bharat PetroleumCorp 285.85
HPCL 329.25
MRPL 173.40
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