In a bid to finance its capital expenditure, Reliance Industries (RIL) is planning to raise around Rs 10,000 crore by way of debt in 2014-15. The company is implementing several projects both in the manufacturing domain and service sector to continue the tradition of creating significant shareholders’ value. Though, the resolution for fund raising did not elaborate on which of its projects the money would be used.
Further, the company is seeking shareholders’ approval at its 40th AGM on June 18 to authorise the board to raise funds through non-convertible debenture in one or more tranches.
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