Reliance allots Rs 12,000 crore NCDs at 7.47 percent coupon, 5-year tenor
RELIANCE · price
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On the reaction day the stock moved 0.1 pts more than Nifty 100 and 0.7 pts more than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Reliance Industries allotted 12 lakh unsecured redeemable non-convertible debentures (PPD Series Q) of Rs 1 lakh each on private placement, aggregating Rs 12,000 crore. Base issue Rs 10,000 crore with green shoe option Rs 2,500 crore. Tenor 5 years, maturity September 16, 2031. Annual coupon 7.47 percent. Rated CRISIL AAA and CARE AAA, stable outlook.
Debt raised, not equity. No shareholder dilution. Rs 12,000 crore via 5-year NCDs at 7.47 percent adds interest obligations but no equity impact.