Reliance Industries raises ₹12,000 crore through NCD allotment
pre-market1 source ↓written by the desknot a recommendation
- under its PPD
- 12,00,000 unsecured, redeemable NCDs
- raising
- ₹12,000 crore
- maturity date
- 16 September 2031
Reliance Industries allotted 12,00,000 unsecured, redeemable NCDs under its PPD Series Q, raising ₹12,000 crore at a coupon rate of 7.47%. The issuance, with a maturity date of 16 September 2031, received CRISIL AAA/Stable and CARE AAA/Stable ratings. This move strengthens Reliance's capital structure and may enhance liquidity in the market.
Not investment advice. For informational purposes only.