Reliance Jio raises Rs 3,500 crore via debentures

Reliance Jio Infocomm, the telecom arm of Reliance Industries (RIL), has raised Rs 3,500 crore by issuing non-convertible debentures through private placement.

The company said redemption date for 5-years debentures is January 21, 2020 and for 10-years debentures is January 21, 2025.

In filings to the stock exchanges on Tuesday, the company said it had submitted a disclosure document on July 30 this year for 35,000 secured redeemable non-convertible debentures of the face value of Rs 10,00,000 each aggregating Rs 3,500 crore issued by way of private placement.

The filing added that redemption date for 5-years debentures of Rs 1,000 crore should be read as January 21, 2020 instead of January 21, 2015 whereas for 10-years, the date should be read as January 21, 2025 instead of January 21, 2015.