The non-convertible debentures carry a coupon of 8.32% payable annually. The proceeds of the issue will be used by Reliance Jio for rolling out a state-of-the-art digital services business in India. The transaction was fully subscribed within minutes of opening and was eventually over-subscribed with a total book size in excess of Rs 3500 Cr. Key investors include the prominent asset management companies and banks.

Reliance Jio raises Rs 2,000 Cr through five-year bonds via private placement

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