Reliance Industries announces fundraising, to raise Rs 15,000 crore through NCDs

What happened: Reliance Industries approved raising up to Rs 15,000 crore through non-convertible debentures via private placement, announced alongside its Q2 earnings. Key numbers: Rs 15,000 crore NCD fundraising. Q2 net profit Rs 25,548 crore, up 41% year on year. Why it matters: The fundraising was disclosed together with quarterly results showing a 41% year-on-year rise in net profit.

Reliance Industries approved raising up to Rs 15,000 crore through non-convertible debentures via private placement, announced alongside its Q2 earnings.

The fundraising was disclosed together with quarterly results showing a 41% year-on-year rise in net profit.