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Reliance Industries Ltd To Raise Up To $500 Million In Perpetual Bonds-Business Standard


Monday, 28 Jan 2013 02:06pm EST 

Business Standard reported that Reliance Industries Ltd is raising up to $500 million (INR2,701 crore) through perpetual bonds from investors abroad to fund petrochemical expansion and oil and gas exploration activities in India. Reliance is expected to price the bonds at 6%, which can be bought back by the Company after five years.