Reliance Industries Ltd.

Reliance Industries’ (RIL) subsidiary Reliance Industrial Investments Holdings (RIIHL) is reportedly planning to raise Rs 4,000 crore to meet the group’s funding and investment requirements, including for its telecom venture Reliance Jio Infocomm. The funds will be raised through optionally convertible preference shares at a dividend rate of 6%.

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.