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Funding and debt▲ Bullish for Reliance Industries
Reliance’s ₹13,000 crore bond issue draws strong demand; SBI said to be largest investor
The brief
- Reliance’s ₹13,000 crore bond issue drew strong demand
- SBI was said to be the largest investor; the issue included a ₹1,000 crore green shoe option
- Strong demand supports Reliance Industries’ funding access; SBI is exposed as a major investor
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Reliance Industries’ ₹13,000 crore bond issue
Reliance planned a 10-year bond issue, with early reports citing ₹10,000 crore, and later reports described a ₹13,000 crore offering. The issue drew strong demand, with SBI reported as its largest investor.
Wednesday, 30 September
- Reliance’s ₹13,000 crore bond issue draws strong demand; SBI said to be largest investor