Mukesh Ambani's Reliance Industries board to meet tomorrow and discuss fund raising

• Reliance Industries Limited (RIL) will hold a board meeting on April 2 in a fund raising exercise.
  
• RIL said in an intimation to the stock exchange that the meeting is to consider raising of funds by way of issuance of listed, secured/unsecured, redeemable non-convertible debentures on private placement basis on one or more tranches/series.

Reliance Industries Limited (RIL) will hold a board meeting on April 2 in a fund raising exercise through issuance of non-convertible debentures (NCDs) on private placement basis.

RIL said in an intimation to stock exchange that a meeting of the board of directors is scheduled to be held on April 2 to consider raising of funds by way of issuance of listed, secured/unsecured, redeemable non-convertible debentures on private placement basis on one or more tranches/series.

The quantum of funds to be raised or the purpose of fund raising has not been disclosed in the intimation. RIL regularly raises funds through NCDs on a private placement basis to institutional investors.

SEE ALSO:
Mukesh Ambani's Reliance Industries will add ₹25,000 crore to its mammoth pile of debt