Reliance Industries Limited announced the allotment of 12,00,000 Unsecured, Redeemable, Non-Convertible Debentures (NCDs), each with a face value of ₹1,00,000, on a private placement basis. The total issuance amounts to ₹12,000 crore. These NCDs, designated as ‘PPD Series Q’, are set to mature on September 16, 2031, with a coupon rate of 7.47% p.a.
Reliance Industries Completes NCD Allotment
Reliance Industries Limited has successfully completed the allotment of its ‘PPD Series Q’ Non-Convertible Debentures (NCDs). The company announced today, September 16, 2026, the issuance of 12,00,000 NCDs, each carrying a face value of ₹1,00,000. This private placement transaction aggregates to a total issuance size of ₹12,000 crore.
Key Terms of the NCDs
These NCDs are characterized as Unsecured, Redeemable, and carry a coupon rate of 7.47% per annum. The tenor of the instrument is 5 years, with the maturity or redemption date set for September 16, 2031. The NCDs have been assigned a credit rating of “CRISIL AAA/ Stable” and “CARE AAA/Stable” by CRISIL Ratings Limited and CARE Ratings Limited, respectively, reflecting a strong credit profile.
Financial Details and Listing
The base issue size was set at ₹10,000 crore with an option to retain over-subscription up to ₹2,500 crore through a ‘Green Shoe Option’. The detailed payment schedule for coupon interest indicates five payments, with the final payment coinciding with the maturity date. These NCDs are proposed to be listed on both the BSE Limited and the National Stock Exchange of India Limited. There are no specific charges or security created over the company’s assets for these debentures, and no special rights or privileges are attached to them.
Source: BSE
