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