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via economictimes.indiatimes.comCapital Markets

Reliance Industries approves fundraising of up to Rs 15,000 crore via NCDs

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Reliance Industries has approved plans to raise up to Rs 15,000 crore through non-convertible debentures via private placement. The fundraising announcement came with the company's Q2 earnings where it reported a 41% year-on-year rise in net profit to Rs 25,548 crore.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA debt raise of this size by a major Indian group is relevant for the corporate debt market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The board approved plans to raise up to Rs 15,000 crore via non-convertible debentures.
  2. 02The issuance will be through private placement.
  3. 03The announcement came with Q2 results showing net profit up 41% to Rs 25,548 crore.

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