Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1390.15
44.15 (3.28%)
< Home < Back

RIL to raise Rs 5,000 crore on private placement basis

Date: 29-08-2017

Reliance Industries (RIL) has proposed to make an offer for issuance of Non-convertible Debentures (NCDs Series A) (1st Tranche) on private placement basis on August 31, 2017 aggregating to Rs 5,000 crore, to be listed on the Stock Exchanges. This step has been taken pursuant to the authority given by the shareholders of the company at the Annual General Meeting held on July 21, 2017.

The net proceeds of the issue will be utilized for refinancing of existing borrowings and for any other purpose in the ordinary course of business.

Reliance Industries (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.