Reliance Industries, led by Indian billionaire Mukesh Ambani, is reportedly considering a significant bond sale of up to INR 15,000 crore (approximately $1.8 billion). If finalized, this would mark the largest rupee-denominated bond sale ever for Reliance. The conglomerate, spanning petrochemicals, refining, telecommunications, and consumer goods, is diversifying into 5G, green energy, and financial services. Despite rising borrowing costs in India, Reliance Industries maintains a AAA credit rating from Crisil Ratings, distinguishing it favorably from peers. The potential bond sale aligns with Reliance’s strategy to raise funds for expansion and diversification.
Reliance Industries Contemplates a Record $1.8 Billion Bond Sale, the Largest in Rupees
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