Reliance Industries, the conglomerate that powers India’s telecom and energy sectors, said on Tuesday that its board will convene on October 30 to evaluate a fund‑raise through listed redeemable non‑convertible debentures.
The move follows a trend of large Indian corporates leveraging debt instruments to bolster cash positions amid a volatile macro environment.
Analysts say the decision could shift Reliance’s debt‑equity mix, potentially easing pressure on its cost of capital as it pursues aggressive growth.
The board’s verdict will come just before the company reviews its Q2 FY27 earnings on Friday, setting the stage for market reactions.