Reliance Ind share sale raises $655 mln sources

MUMBAI, Sept 17 (Reuters) - India's Reliance Industries Ltd (RELI.BO), an energy and petrochemicals-focused conglomerate, raised about $655 million by selling 15 million shares in treasury stock at 2,125 rupees each, two people familiar with the deal said.

The original planned sale of 10 million shares was increased by 5 million, or half the overallotment option.

Citigroup (C.N) and Bank of America Merrill Lynch (BAC.N) handled the deal. Reliance Industries, controlled by billionaire tycoon Mukesh Ambani, is India's largest listed company. (Reporting by Tony Munroe in Mumbai and Joseph Chaney in Hong Kong; Editing by John Mair)