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Reliance Jio to Raise up to INR 22.5 bn via Debentures

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Reliance Jio Infocomm, a subsidiary of Reliance Industries is planning to raise INR 22.5 bn crore through issuance of redeemable non-convertible debentures on a private placement basis. “… pursuant to the approval of the board of directors and shareholders, the company proposes to issue secured redeemable non-convertible debentures aggregating up to Rs2,250 crore, on a private placement basis,” the company said in a regulatory filing.

Last May, the company had raised $750 million or about Rs4,500 crore from a consortium backed by Korea Trade Insurance Corporation to buy telecom equipment from Samsung Electronics and Ace Technologies. Read more

 

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Sweekar S

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