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Through overseas bond issue Reliance Industries Limited raises Rs 1468 crore
Mukesh Ambani-led Reliance Industries Limited, a major Indian private conglomerate, yesterday announced that it has raised $225 million through an overseas bond issue. This amount equals to Rs.1,468 crore.
The company filed a report at the Bombay Stock Exchange (BSE) mentioning that it has priced an offering of USD 225 million, 2.512 per cent on notes due in 2026 guaranteed by the Export-Import Bank of the United States.

The company also mentioned that the instance of Export-Import Bank of the United States guaranteeing notes issuance out of India is first of its kind. The notes will have a fixed interest of 2.512 per cent per annum. This interest needs to be paid every 6 months.

The principal amount of the notes also needs to be paid every 6 months. But, the installment payment period for the principal amount will start on July 15, 2016 and end on January 15, 2026.

Reliance Jio's business strategies for 4G launch:

The telecom arm of Reliance Industries, Reliance Jio Infocomm Limited is making preparations to roll out its 4G services. Before its commercial launch in December, this year, the company will offer 4G-enabled mobile phones in the second week of September.

Its retail arm, Reliance Retail, under its consumer electronics brand, ReConnect will sell the handsets all over the country. The handsets will be available in the price range between Rs. 5,000 and Rs. 25,000.

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