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Reliance Industries to raise Rs 25,000cr via NCDs

The company in a regulatory filing said the company board of directors approved "the proposal for raising of funds through the issuance of non-convertible debentures (NCDs) up to Rs 25,000 crore in tranches from time to time, on a private placement basis."

April 02, 2020 / 07:20 PM IST
 
 
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Reliance Industries on Thursday said it will raise Rs 25,000 crore through non-convertible debentures to fund its operations.

The company in a regulatory filing said the company board of directors approved "the proposal for raising of funds through the issuance of non-convertible debentures (NCDs) up to Rs 25,000 crore in tranches from time to time, on a private placement basis."

The company did not give the purpose of the fundraising.

Disclaimer: “Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.”

PTI
first published: Apr 2, 2020 07:10 pm

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