{"id":345151,"date":"2020-04-03T11:32:46","date_gmt":"2020-04-03T06:02:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345151"},"modified":"2020-04-03T12:45:02","modified_gmt":"2020-04-03T07:15:02","slug":"reliance-industries-board-clears-new-debt-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-board-clears-new-debt-plan\/","title":{"rendered":"Reliance Industries board clears new debt plan"},"content":{"rendered":"<p>The board of Reliance Industries on Thursday decided to raise Rs 25,000 crore in non-convertible debentures (NCDs). <\/p>\n<p>\u201cThe board of directors of the company, at its meeting held today (Thursday), has approved, inter alia, the proposal to raise funds through the issuance of non-convertible debentures up to Rs 25,000 crore in tranches from time to time, on a private placement basis,\u201d Reliance informed the stock exchanges. <\/p>\n<p>Reliance did not disclose the rationale behind the fund raising or the timeline. The proposed issue comes at a time Reliance has completed a large part of its capital expenditure. <\/p>\n<p>It is not immediately clear if Reliance is using the proceeds to refinance debt. During the third quarter of fiscal 2019-20, the consolidated net debt of the company stood at Rs 1.53 lakh crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of Reliance Industries on Thursday decided to raise Rs 25,000 crore in non-convertible debentures (NCDs). \u201cThe board of directors of the company, at its meeting held today (Thursday), has approved, inter alia, the proposal to raise funds through the issuance of non-convertible debentures up to Rs 25,000 crore in tranches from time to time, on a private placement basis,\u201d Reliance informed the stock exchanges. Reliance did not disclose the rationale behind the fund raising or the timeline. The proposed issue comes at a time Reliance has completed a large part of its capital expenditure. It is not immediately [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-345151","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=345151"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345151\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}