Reliance Industries Ltd.

Reliance Industries is currently trading at Rs. 942.25, up by 4.80 points or 0.51% from its previous closing of Rs. 937.45 on the BSE.

The scrip opened at Rs. 939.40 and has touched a high and low of Rs. 942.75 and Rs. 932.10 respectively. So far 2,19,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1142.50 on 16-May-2014 and a 52 week low of Rs. 794.00 on 28-Feb-2014.

Last one week high and low of the scrip stood at Rs. 942.75 and Rs. 902.00 respectively. The current market cap of the company is Rs. 3,04,851.00 crore.

The promoters holding in the company stood at 45.25% while Institutions and Non-Institutions held 30.90% and 20.54% respectively.

Reliance Industries (RIL) has priced a Rule 144A/Regulation S offering of $750 million 4.875% Senior Unsecured Notes due 2045. The Notes have been assigned a rating of BBB+ (S&P) and Baa2 (Moody’s).

The Notes have been priced at 262.5 basis points over the 30-year US Treasury Note, at a price of 98.865 to yield 4.948%. The Notes will be denominated in US dollars, and will bear fixed interest of 4.875% per annum, with interest payable semi-annually in arrears and shall rank with all other unsecured and unsubordinated obligations of the company. The funds will be utilized for its ongoing capital expenditure.

The Notes were over 3.07 times over-subscribed across 167 accounts. In terms of geographic distribution, the Notes were distributed 47% in Asia, 8% in Europe and 45% in the United States. In terms of investor distribution, the Notes were distributed to high quality fixed income accounts: 52% to fund managers, 31% to insurance companies, 8% to pension funds, 6% to central banks and sovereign wealth funds, 2% to banks and 1 % to private banks.