Billionaire Ambani's Reliance Industries Eyes Rs 10,000 Cr Debt Fundraise: Sources
- Reliance Industries plans to raise about Rs 10,000 crore through 10-year, rupee-denominated bonds with a proposed 7.90% annual coupon.
- The company may invite investor bids next week or the following week and aims to complete the borrowing before the Reserve Bank of India’s October 7 policy decision.
- The planned offering would follow Reliance’s Rs 12,000 crore five-year bond sale at a 7.47% coupon.
- Bankers said rupee funding remains cheaper than U.S. dollar debt.
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Reliance Industries Stock Update: Share Price Edges Up Amid Debt Plans
Reliance Industries (NSE: RELIANCE) share price is at ₹1,220.40, up 0.10% in intraday trade, as the company reportedly plans a ₹10,000 crore debt fundraise. Reliance Industries Stock Update: Share Price Edges Up Amid Debt Plans.
Ambani’s Reliance Plans Up to $1 Billion in Local Currency Bonds
Billionaire Mukesh Ambani’s Reliance Industries Ltd. is planning to raise as much as 100 billion rupees ($1 billion) through local-currency bonds as early as next week, according to people familiar with the matter, in what would be its second debt offering this month.
The Economic Times
Times of IndiaBillionaire Ambani's Reliance Industries eyes Rs 10,000 cr debt fundraise: Sources
Reliance Industries plans to raise around Rs 10,000 crore ($1.04 billion) via 10-year rupee-denominated bonds at a 7.90% annual coupon. Following a recent Rs 12,000 crore 5-year debt issuance, the oil-to-telecom major aims to secure funding ahead of the RBIs October 7 monetary policy meeting amid favourable local yields.
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