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Reliance to consider raising $2 bn on Nov 9
New Delhi, Nov 1: Reliance industries Ltd today announced plans to raise 2 billion dollars to funds its oil and gas exploration and production business.
The company's board of directors will meet on November 9 to consider and approve raising of the amount by way of syndicated loan, bonds and Foreign Currency Convertible Bonds (FCCB).
The company earlier this week rolled out its retail initiative to ofer vegetables and fruits, besides groceries at affordable rates.
The
stores
'Reliance
resh',
will
be
ollowed
by
launch
o
a
nation-wide
chain
of
hypermarkets,
supermarkets,
discount
stores,
department
stores,
convenience
stores
and
specially
stores
at
an
investment
of
over
Rs
25,000
crore
in
the
next
five
years.
UNI
Story first published: Monday, December 5, 2011, 12:03 [IST]
