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The Economic Times
The Economic Times
Business

Billionaire Ambani's Reliance Industries eyes Rs 10,000 cr debt fundraise: Sources

Reliance Industries United States Bonds Monetary Policy

Indian billionaire Mukesh Ambani's Reliance Industries is set to launch the second tranche of its planned mega fundraising through the sale of rupee-denominated bonds just a couple of weeks after it raised shorter-tenor debt, four merchant bankers told Reuters on Thursday.

The oil-to-telecom conglomerate plans to raise around 100 billion rupees ($1.04 billion) through a sale of 10-year notes at an annual coupon of 7.90%. The company is set to invite bids from investors next week or the week after, according to bankers.

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