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RIL inches up on plan to raise $500 million from overseas via bonds

29 Jan 2013 Evaluate

Reliance Industries is currently trading at Rs. 897.80, up by 0.15 points or 0.02% from its previous closing of Rs. 897.65 on the BSE.

The scrip opened at Rs. 895.50 and has touched a high and low of Rs. 901.45 and Rs. 892.75 respectively. So far 172379 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 954.80 on 21-Jan-2013 and a 52 week low of Rs. 671.00 on 08-May-2012.

Last one week high and low of the scrip stood at Rs. 930.60 and Rs. 895.00 respectively. The current market cap of the company is Rs. 290046.33 crore.

The promoters holding in the company stood at 45.34% while Institutions and Non-Institutions held 28.69% and 22.55% respectively.

Reliance Industries (RIL), country’s largest company by market value, has launched an issue of bonds in Singapore and Hong Kong markets to raise a minimum $500 million. The company has already raised $4 billion from overseas in the current financial year and this is the fifth time that the company is raising long-term debt this fiscal.

The initial pricing is 6 per cent over the US treasury. Bank of America, Citi, HSBC, Barclays Deutsche Bank, JP Morgan and RBS are managing the issue. The company is planning to use fund for ongoing capital expenditure in the exploration and refining sector in India.

Meanwhile, rating company Standard and Poor’s (S&P) has assigned a ‘BBB long-term issue rating’ to the bonds. The rating reflects the company’s strong competitive position and good business diversity. In addition, the company has low leverage and strong cash flows and liquidity.

RIL is India's biggest private sector company, and its operations range from oil and gas exploration and production to refining and petrochemicals.

Reliance Industries Share Price

1327.80 -15.30 (-1.14%)
24-Apr-2026 15:17 View Price Chart
Peers
Company Name CMP
Reliance Industries 1327.80
Indian Oil Corp. 143.50
BPCL 308.05
HPCL 375.00
MRPL 186.30
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