InvestorQ : How do you see the impact of the Reliance Industries massive fund raising plan through NCDs?
Dilmini Mercia made post

How do you see the impact of the Reliance Industries massive fund raising plan through NCDs?

Answer
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Dhwani Mehta answered.
5 months ago


Reliance Industries is planning to raise Rs.25,000 crore via non convertible debentures (NCD). Of course, due to the size the fund raising will be done in tranches and on a private placement basis. RIL has already corrected 29% since January which is approximately equal to the correction in the Nifty overall during the same period. The markets have other urgent things like the slowdown and the weak oil prices to worry about. Hence any reaction to this fund raising may only be visible later.