Reliance Industries Completes Private Placement Of Non-Convertible Debentures For US$781.5 Million

Published: Jun 26 2017
Deal Summary

Reliance Industries Limited, an integrated energy company, completed the private placement of 7% non-convertible debentures (Series-A), due August 31, 2022, for gross proceeds of INR50,000 million (MM) (US$781.51 MM). Interest on notes will be payable annually, commencing from August 31, 2018.

The company intends to use the proceeds from the placement to fund the redemption of debt and for other general purposes.

Deal history

Completed: On August 31, 2017, Reliance Industries completed the private placement of 7% non-convertible debentures (Series-A), due August 31, 2022, for gross proceeds of INR50,000 million (MM) (US$781.51 MM).

Update 2: On August 28, 2017, Reliance Industries intends to issue non-convertible debentures (Series-A), for gross proceeds of INR50,000 MM (US$781.51 MM), in a private placement.

Update 1: On July 21, 2017, Reliance Industries received shareholders’ approval to issue non- convertible debentures in a private placement.

Planned: On June 26, 2017, Reliance Industries intends to issue secured, unsecured redeemable, non-convertible debentures, for gross proceeds of INR250,000 MM (US$3,870 MM), in a private placement.

You can receive free Monthly detailed “Deals Analysis Alerts” delivered directly to your
inbox – sign up below:

* Indicates Mandatory
*Name:  
*Company:  
*Email:    
*Country:  
*Phone Number:          
Comments:
  captcha refresh
Enter Captcha Code:    

Send to friend

*Your EmailID:    
Message:
*Friend's EmailID:    
  captcha refresh
Enter Captcha Code: