Reliance to raise â¹25,000 crore to fund Jio, service debt
Mukesh Ambani-led Reliance Industries plans to raise â¹25,000 crore in debentures to fund Jio's expansion and replace existing high-cost borrowings. The company, in a notice, said that its annual general meeting will be held on July 21 to consider the fundraising and to seek shareholders' approval. Notably, Reliance has invested nearly â¹2 lakh crore in Jio till now.