Reliance Industries Ltd.

Reliance Industries (RIL) is planning to raise another Rs 25,000 crore by private placement of non-convertible debentures (NCDs). In this regard, the company is seeking shareholders’ approval and will be putting to vote at RIL’s annual general meeting on July 21. This is likely to be among the largest bond issues by a single company this year.

RIL 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.