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RIL to raise Rs 2,500 cr through debentures

The net proceeds of the issue will be utilised inter-alia for refinancing of existing borrowings

Press Trust of India  |  New Delhi 

RIL to raise Rs 2,500 cr through debentures

on Wednesday said it will make an offer for issuing (NCDs) worth Rs 2,500 crore next week.

"Pursuant to the authority given by the shareholders of the company at the held on July 21, 2017 it is proposed to make an offer for issuance of non- convertible debentures...On private placement basis on Monday September 4, 2017 aggregating Rs 2,500 crore to be listed on the stock exchanges," the company said in a filing to BSE.


The net proceeds of the issue will be utilised inter-alia for refinancing of existing borrowings and for any other purpose in the ordinary course of business, it said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, August 30 2017. 23:28 IST
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