Mukesh Ambani's Reliance Industries is set to return to India's rupee bond market after nearly three years, five merchant bankers told Reuters late on Monday, with what would be the largest single-tranche fundraising by a rated firm since November 2023.
The oil-to-telecom conglomerate plans to raise Rs 12,500 crore ($1.32 billion) through a sale of five-year notes, at an annual coupon of 7.47%, and is set to invite bids from investors in the week ending September 18, according to bankers.
