Reliance Industries, India’s largest company with diverse business interests, is reportedly aiming to raise Rs 240 crore ($2.4 billion) through rupee-denominated bonds. The sale, featuring a base size of 100 billion rupees and an option for an additional 10,000 crore, marks the conglomerate’s largest rupee sale to date. The 10-year bonds, rated AAA by CRISIL and CareEdge, will be auctioned with substantial investor interest anticipated. This move, Reliance’s first domestic bond issuance since 2020, aligns with its expansion into 5G, green energy, and financial services, showcasing the company’s dynamic growth strategy. The transaction is set to be concluded soon.
Reliance Industries Seeks Record Rs 240 Crore in Rupee Bond Sale
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