Reliance Industries is planning to raise funds through issuance of senior unsecured US$ denominated fixed rate notes. Such issuance will be in compliance with Regulation S and Rule 144A under the U.S. Securities Act of 1933, as amended (the US Securities Act) to overseas investors. The proceeds from the issuance of the Notes will be utilised primarily for refinancing of existing borrowings, in accordance with applicable law. The board of director meeting will be held on January 1, 2022 to consider 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.
