RIL board approves raising Rs 25,000 crore via NCDs
[hfe_template id='11223']
[ad_1]
Oil-to-telecom conglomerate Reliance Industries (RIL) today approved a fund-raising plan of Rs 25,000 crore through the issuance of listed, secured/unsecured, redeemable non-convertible debentures (NCDs) in one or more tranches on a private placement basis. The announcement came alongside RIL's Q4FY25 earnings. The company’s board also approved a dividend of Rs 5.50 per equity share for the financial year ended March 31, 2025. India's leading conglomerate Reliance Industries Ltd (RIL) reported 2% growth in its consolidated net profit at Rs 19,407 crore for the fourth quarter ended March 2025. Revenue from operations in the same period increased 10% year-on-year (YoY) to Rs 2.64 lakh crore. The profit was well above the Street expectation of Rs 18,471 crore. Also Read: RIL Q4 Results: Profit rises 2% YoY to Rs 19,407 crore; beats street estimates Meanwhile, Jio Platforms which houses Reliance Industries' (RIL) telecom and digi...