Regarding the historic $1.8 billion bond issue, Reliance Industries
When called late on Wednesday, a company spokesman had no immediate reaction.
Reliance has launched a new fundraising campaign as a result of its venture into consumer-facing enterprises.
Reliance Industries Ltd., the Indian billionaire Mukesh Ambani's company, is contemplating selling local-currency bonds for as much as 150 billion rupees ($1.8 billion), according to individuals familiar with the subject who requested not to be named because the topic is private.
According to statistics provided by Bloomberg, if the purchase goes through, it would be Reliance's largest rupee sale ever. Based on the data, it would also be the conglomerate's first domestic bond since 2020.
When called late on Wednesday, a company spokesman had no immediate reaction.
With a business portfolio that includes consumer products, wireless communication services, and petrochemical refining, Reliance Industries is the biggest firm in India based on market value. It is fast growing into 5G and branching out into new markets like financial services and renewable energy.
Reliance has launched a new fundraising campaign as a result of its venture into consumer-facing enterprises. This year, the retail division received funding from KKR & Co. and sold a portion of its stock to Qatar Investment Authority.
India's Crisil Ratings has awarded Reliance Industries a AAA credit rating. Based on statistics provided by Bloomberg, it is comparable to the local assessor's grade for one of the oldest corporations in India, Tata Sons Pvt.
No comments:
Post a Comment