Reliance Industries raises Rs 3,000 crore through debentures

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Reliance Industries on Friday said it has raised Rs 3,000 crore through a privately placed debenture issue. The unsecured, non-convertible redeemable debentures offered 8.95 percent 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 $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 cable tv and broadband service providers, Hathway Cable & Datacom, and DEN Networks.

Disclaimer: “Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.”