44.15 (3.28%) Pursuant to Regulation 29 read with Regulations 50 (2) and 63 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), Reliance Industries has informed that pursuant to the authority given by the shareholders of the Company at the Annual General Meeting held on July 21, 2017, it is proposed to make an offer for issuance of Non-convertible Debentures (NCDs - Series C) (3rd Tranche) on private placement basis on Monday, September 4, 2017 aggregating Rs 2,500 crore, to be listed on the Stock Exchanges. The net proceeds of the issue will be utilised for refinancing of existing borrowings and for any other purpose in the ordinary course of business.
The above information is a part of company’s filings submitted to BSE.