Reliance Industries to raise Rs 25,000 cr via NCDs
Apr 2, 2020, 19:00 IST
New Delhi, Apr 2 () Reliance Industries on Thursday said it will raise Rs 25,000 crore through non-convertible debentures to fund its operations.
The company in a regulatory filing said the company board of directors approved "the proposal for raising of funds through the issuance of non-convertible debentures (NCDs) up to Rs 25,000 crore in tranches from time to time, on a private placement basis."
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The company did not give the purpose of the fundraising. ANZ MR(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)