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Reliance Industries raises Rs 3,600 crore through NCDs

20 May 2020 Evaluate
Reliance Industries has raised Rs 3,600 crore (PPD Series N Debentures) and allotted 36,000 Unsecured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 10 lakh each, issued on private placement basis on May 19, 2020.
 
These NCDs are proposed to be listed on Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
 
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 1179.30
Indian Oil Corpn. 127.30
Bharat PetroleumCorp 286.75
HPCL 330.60
MRPL 172.20
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