Reliance Industries plans to issue the secured or unsecured redeemable debentures in one or more tranches via private placement. The financing initiative comes as consolidated net profit for the second quarter surged 41% to reach Rs 25,548 crore. Operational revenue advanced 29% to Rs 3.32 lakh crore, bolstered by solid contributions from Jio Platforms and the oil-to-chemicals business. Additionally, the firm had already raised Rs 12,000 crore through unsecured debentures during the September quarter.
Key points
The board approved raising up to Rs 15,000 crore in one or more tranches through non-conv…: The board approved raising up to Rs 15,000 crore in one or more tranches through non-convertible debentures.
Robust performance across core business segments lifted consolidated quarterly revenue fr…: Robust performance across core business segments lifted consolidated quarterly revenue from operations by 29% to Rs 3.32 lakh crore.
Shares of Reliance Industries closed at Rs 1,164.90 prior to the announcement, reflecting…: Shares of Reliance Industries closed at Rs 1,164.90 prior to the announcement, reflecting a 26% drop over the year.
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In an exchange filing, the Mukesh Ambani-led company said its board had approved an enabling resolution authorising the issuance of listed, secured or unsecured, redeemable non-convertible debentures worth up to Rs 15,000 crore.
The proposed issuance will be undertaken in one or more tranches through the private placement route.
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.
"We wish to inform you that the Board of Directors of the Company, at its meeting held today has passed an enabling resolution authorising the issuance of listed, secured / unsecured, redeemable non-convertible debentures up to Rs. 15,000 crore (Rupees Fifteen Thousand Crore only), in one or more tranches, on private placement basis," RIL said in the filing.
As of September 30, 2026, the company's outstanding non-convertible debentures stood at approximately Rs 39,389 crore, before accounting for prepaid finance charges and fair valuation impact. Of this, secured NCDs accounted for…
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