Reliance Industries Allots ₹12,000 Cr in NCDs

Reliance Industries Limited has announced the allotment of 12,00,000 Unsecured, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹12,000 crore. These NCDs, designated as 'PPD Series Q', were issued on a private placement basis. The issue size includes a base issue of ₹10,000 crore with an option to retain over-subscription up to ₹2,500 crore (Green Shoe Option). The NCDs have a tenor of 5 years, a coupon rate of 7.47% per annum, and a maturity date of September 16, 2031. They are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited. The NCDs have received strong credit ratings of 'CRISIL AAA/ Stable' and 'CARE AAA/Stable'.