Reliance Industries Ltd is going to make an offer for issuing non-convertible debentures (NCDs) worth Rs 2,500 crore.

The company has said in a BSE filing that “Pursuant to the authority given by the shareholders of the company at the Annual General Meeting held on July 21, 2017 it is proposed to make an offer for issuance of non-convertible debentures…on private placement basis on Monday, September 4, 2017 aggregating Rs 2,500 crore to be listed on the stock exchanges.”

It further said that the net proceeds of the issue is going to be utilised inter-alia for refinancing of existing borrowings and for any other purposes in the ordinary course of business.

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