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Reliance Industries gets nod to raise funds up to Rs 20,000 crore through NCDs

23 Jan 2023 Evaluate

Reliance Industries has received an approval for raising of funds through issuance of Non-Convertible Debentures (NCDs) up to Rs 20,000 crore, in one or more tranches/series, on a private placement basis. The Board of Directors of the Company at its meeting held on January 20, 2023 has approved 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 1236.00
Indian Oil Corpn. 132.20
Bharat PetroleumCorp 299.00
HPCL 345.15
MRPL 166.95
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