Reliance Jio to raise Rs 750 cr through debentures

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New Delhi | Published: May 27, 2016 10:29:05 PM

Reliance Jio Infocomm today said it plans to raise up to Rs 750 crore through issuance of redeemable non-convertible debentures on a private placement basis.

Reliance Jio, Reliance Jio Infocomm, lyf mobile, lyf mobile phone, lyf mobile phone price, lyf smartphone, lyf price, Mukesh Ambani, Reliance Jio 4G servicesReliance Jio Infocomm has last month also a debenture issue of up to Rs 2,250 crore.

Reliance Jio Infocomm today said it plans to raise up to Rs 750 crore through issuance of redeemable non-convertible debentures on a private placement basis.

Reliance Jio Infocomm has last month also a debenture issue of up to Rs 2,250 crore.

“…pursuant to the approval of the Board of Directors and shareholders, the company proposes to issue secured redeemable non-convertible debentures aggregating up to Rs 750 crore, on private placement basis,” Reliance Jio Infocomm said in a filing to BSE.

Part of the Mukesh Ambani-led group, the company is looking at a commercial launch of its 4G services later this year.

Last May, the company had raised USD 750 million or about Rs 4,500 crore from a consortium backed by Korea

Trade Insurance Corporation to buy telecom equipment from Samsung Electronics and Ace Technologies.

In December, Reliance Jio launched services for its employees, partners and vendors on a trial basis.

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