Reliance raises ~30 bn through deben­tures

Business Standard - - COMPANIES -

Reliance In­dus­tries on Fri­day said it had raised ~30 bil­lion through a pri­vately placed deben­ture is­sue. The un­se­cured, non-con­vert­ible re­deemable deben­tures of­fered 8.95 per cent re­turn with a 10year ma­tu­rity, the com­pany said in a reg­u­la­tory fil­ing. The notes "shall be re­deemed at par at the end of 10 years from the date of al­lot­ment — No­vem­ber 9, 2028," it said. RIL, which has in­vested over $30 bil­lion over five years across en­ergy, petro­chem­i­cals, re­tail, and tele­com ver­ti­cals, did not say where it will use the pro­ceeds of the is­sue. Last month, it an­nounced the ac­qui­si­tion of con­trol­ling stake in cable tv and broad­band ser­vice providers, Hath­way Cable & Dat­a­com, and DEN Net­works.

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