Reliance Gears Up for a Financial Power Play—Are Mega NCDs on the Horizon?

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Reliance Industries Limited (RIL) is set for a high-stakes board meeting on April 25, 2025, where the conglomerate will weigh a significant fundraise through non-convertible debentures (NCDs) alongside the approval of its Q4 and full-year FY25 financial results.

Key Highlights:

The RIL board will consider raising capital by issuing listed, secured or unsecured, redeemable NCDs on a private placement basis, potentially in multiple tranches. The company has not yet disclosed the targeted amount for this fundraising initiative.
This move comes as Reliance continues to diversify funding sources, with its last major NCD issue in 2023 raising ₹20,000 crore at a 7.79% interest rate.
The April 25 meeting will also see the board approve audited standalone and consolidated results for the quarter and year ended March 31, 2025.
A recommendation for dividend payout on equity shares for FY25 is also on the agenda.
The announcement has driven investor enthusiasm, with RIL shares climbing 2.9% to ₹1,274.55, marking an 8.38% gain over the last five trading sessions.

A detailed analyst and media briefing is scheduled post-meeting, promising insights into the performance of RIL’s diverse segments—energy, retail, and digital services.

The market will closely watch for both the fundraising details and any signals on the company’s capital allocation and growth strategy, given the scale and influence of Reliance in India’s corporate landscape.

Stay tuned for updates as Reliance sets the tone for its next phase of growth and financial strategy.

Sources: The Hindu Business Line, BusinessWorld, Economic Times