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Billionaire Ambani's Reliance Industries eyes Rs 10,000 cr debt fundraise: Sources

Economic Times Markets
Billionaire Ambani's Reliance Industries eyes Rs 10,000 cr debt fundraise: Sources
Economic Times Markets

Reliance Industries plans to raise around Rs 10,000 crore ($1.04 billion) via 10-year rupee-denominated bonds at a 7.90% annual coupon. Following a recent Rs 12,000 crore 5-year debt issuance, the oil-to-telecom major aims to secure funding ahead of the RBI’s October 7 monetary policy meeting amid favourable local yields.

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Source: Economic Times Markets

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