Archive · 24 Sep 2026
Reliance Industries Plans $1 Billion Rupee Bond Fundraise
Reliance Industries wants to borrow about $1 billion from investors.
It would do this by selling bonds in Indian rupees.
The bonds would last for 10 years and pay investors 7.90% each year.
The company may ask investors to place bids next week or the week after.
It hopes to complete the borrowing before the central bank’s October 7 policy decision.
Reliance raised ₹12,000 crore through five-year bonds about two weeks ago.
That earlier borrowing paid 7.47% each year.
Large private banks may help organize and buy some of the new bonds.
Reliance Industries plans to raise about ₹10,000 crore, or roughly $1.04 billion, through 10-year rupee-denominated notes.
The proposed bonds are expected to carry an annual coupon of 7.90%.
Investor bids could be invited next week or the week after, according to four merchant bankers.
Reliance recently raised ₹12,000 crore through five-year bonds carrying a 7.47% annual coupon.
Large private-sector banks are expected to arrange and partly subscribe to the new bond issue.
- Who
- Reliance Industries, led by billionaire Mukesh Ambani, is reportedly planning the fundraising.
- What
- The company plans to raise about ₹10,000 crore, or approximately $1.04 billion, through 10-year rupee-denominated bonds.
- When
- Investor bids are expected next week or the week after; the company reportedly wants to finish before October 7.
- Where
- Through a rupee-denominated bond sale in India’s local-currency debt market.
- Why
- The articles do not state a specific use for the funds; the reported plan is part of Reliance’s broader fundraising.
- Planned amount
- About ₹10,000 crore, approximately $1.04 billion
- Bond maturity
- 10 years
- Proposed coupon
- 7.90% annually
- Expected bidding
- Next week or the week after
- Recent borrowing
- ₹12,000 crore through five-year bonds at a 7.47% annual coupon
- Earlier local bond issue
- ₹20,000 crore raised in November 2023
- Expected arrangers
- Large private-sector banks, which may also partly subscribe