Reliance Industries likely to raise Rs 10k cr in debt
23/05/2014 14:15
In order to part fund its USD 26 billion investment plan, Reliance Industries Ltd is planning to raise up to Rs 10,000 crore in debt this fiscal. According to the media report, RIL has sought shareholder nod to raise funds through non-convertible debenture in one or more tranches. The company has scheduled an annual general meeting (AGM) of its shareholders to vote on the issue on June 18. The company is expanding its existing petrochemicals plants and will build new ones to improve margins from its refining businesses, said the media report. "We are implementing several projects both in the manufacturing domain and service sector to continue the tradition of creating significant shareholders value," RIL Chairman and Managing Director Mukesh Ambani said in the annual report.
23/05/2014 14:15
In order to part fund its USD 26 billion investment plan, Reliance Industries Ltd is planning to raise up to Rs 10,000 crore in debt this fiscal. According to the media report, RIL has sought shareholder nod to raise funds through non-convertible debenture in one or more tranches. The company has scheduled an annual general meeting (AGM) of its shareholders to vote on the issue on June 18. The company is expanding its existing petrochemicals plants and will build new ones to improve margins from its refining businesses, said the media report. "We are implementing several projects both in the manufacturing domain and service sector to continue the tradition of creating significant shareholders value," RIL Chairman and Managing Director Mukesh Ambani said in the annual report.
