Tuesday, June 25, 2024
HomeBusiness"Reliance Industries Aims for Record ₹20,000 Crore in India's Largest Non-BFSI Bond Sale"

“Reliance Industries Aims for Record ₹20,000 Crore in India’s Largest Non-BFSI Bond Sale”

Reliance Industries is set to make a historic move in the Indian corporate sector by initiating a massive bond sale aimed at raising up to ₹20,000 crore. This will be the largest-ever domestic bond sale by a non-banking financial company (NBFC) in India. Scheduled to take place through the Bombay Stock Exchange’s electronic bond platform, the sale will offer non-convertible debentures (NCDs) with a 10-year maturity. These bonds are rated AAA, indicating a stable financial outlook. This strategic financial maneuver comes as Reliance Jio is aggressively expanding its 5G network across India. If successful in raising the full amount, this bond sale will represent a significant milestone, marking the largest fundraising effort through bonds by an Indian corporation outside the traditional banking and financial services sectors. The funds are earmarked for refinancing existing debts, investing in ongoing capital expenditures, and supporting the company’s subsidiaries.

More like this

Prabhas Comments on Negative Role in Kalki

Hero Prabhas revealed that his character, Bhairava, in the...

Tollywood Producers Meet AP Deputy CM Pawan Kalyan    

Deputy Chief Minister of Andhra Pradesh, Pawan Kalyan, met...

“Rail Safety: Introducing ‘Kavach'”   

According to the Railway Ministry, the Indian Railways intend...

Father Kills Newborn Twin Daughters        

Regardless of living in a mechanical time, oppression young...

Top Stories