`

Feedback

Reader's Poll

Which of the following technologies/concepts are likely to witness significant traction this year?
 
Any data to show

Teledata

Tele Data

Mobile Subscribers Yearwise comparision

Reliance Industries Limited planning to raise $2.25 billion to expand RJIL

January 23, 2017
E-mail Print PDF

Reliance Industries Limited (RIL) is planning to raise $2.25 billion in a bid to replace its existing high-cost borrowings and to expand the services of its telecom unit, Reliance Jio Infocomm Limited (RJIL). RIL is planning to raise the money through external commercial borrowings.

The company is reportedly in talks with at least 10-12 investment bankers and is planning to soon start marketing roadshows in North America, Europe, the Middle East and Asia.

Earlier, RIL had raised Rs 0.3 trillion through a rights issue in January 2016 and September 2016. Meanwhile, the company had recently announced its plans for raising Rs 0.3 trillion through a rights issue of optionally convertible preference shares for investing in RJIL.

 
 
  • Most Viewed
  • Most Rated
  • Most Shared
  • Related Articles

No Most Rated articles exists!!

 Your cart is empty

juniper

 

Monday morning