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Reliance raises Rs 3,000 cr through debentures

Press Trust of India  |  New Delhi 

Friday said it has raised Rs 3,000 crore through a privately placed issue.

The unsecured, non-convertible redeemable debentures offered 8.95 per cent return with a 10-year 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 more than USD 30 billion over the past 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 and service providers, Cable & Datacom, and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 09 2018. 13:35 IST