Billionaire Mukesh Ambani’s Reliance Industries Ltd. is seeking to raise as much as 200 billion rupees ($2.4 billion) via rupee-denominated bonds, according to filings seen by Bloomberg.
The base size of the sale is 100 billion rupees with an option to retain subscriptions worth another 100 billion rupees. The 10-year bonds will be auctioned on Thursday and are rated AAA with a stable outlook by rating companies Crisil and CareEdge.
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